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Tetra Bio-Pharma Inc. Announces Revised Terms And First Closing Of Financing With Alpha Blue Ocean

PRIVATESep 08, 2022

Round Type

Funding Round

OttawaBiotechnologyHealth CareMedicalPharmaceutical

Description

Tetra Bio-Pharma Inc. ("Tetra" or the "Company") (TSX: TBP) ( OTCQB: TBPMF) (FRA: JAM1), a leader in cannabinoid-based drug discovery and development, announced today that the Company has revised the terms of its previously announced financing arrangement (the "Financing") with Global Corporate Finance Opportunities 16 (the "Investor"), an investment vehicle advised by Alpha Blue Ocean ("ABO"), and has closed the first tranche of the Financing on such revised terms, the whole pursuant to the terms of an amended and restated subscription agreement dated September 2, 2022 (the "Amended and Restated Subscription Agreement").

Quick answer

Tetra Bio-Pharma Inc. raised an undisclosed amount in a Funding Round round, dated September 8, 2022. Tetra Bio-Pharma Inc. is based in Ottawa, Ontario, Canada.

How much did Tetra Bio-Pharma Inc. raise?
Tetra Bio-Pharma Inc. raised an undisclosed amount in a Funding Round round on September 8, 2022.
What does Tetra Bio-Pharma Inc. do?
Tetra Bio-Pharma (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1) is a leader in cannabinoid-derived drug discovery and development with a FDA and a Health Canada cleared clinical program aimed at bringing novel prescription drugs..
Where is Tetra Bio-Pharma Inc. based and how big is it?
Tetra Bio-Pharma Inc. is based in Ottawa, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Medical and Pharmaceutical around the same time

Companies in the same sectors as Tetra Bio-Pharma Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Qnovia raised $17M (Series A) on September 28, 2022.
  • Abivax raised $49M (Funding Round) on September 2, 2022.
  • DeepUll raised $13M (Series B) on October 20, 2022.
  • Prenuvo raised $70M (Series A) on October 18, 2022.
  • Surmodics raised an undisclosed amount (Debt Financing) on October 17, 2022.
  • OSSIO raised an undisclosed amount (Series C) on October 17, 2022.

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Company Information

Company

Tetra Bio-Pharma Inc.

Location

Ottawa, Ontario, Canada

About

Tetra Bio-Pharma (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1) is a leader in cannabinoid-derived drug discovery and development with a FDA and a Health Canada cleared clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. Tetra's evidence-based scientific approach has enabled them to develop a pipeline of cannabinoid-based drug products for a range of medical conditions, including pain, inflammation, and oncology. With patients at the core of what they do, Tetra is focused on providing rigorous scientific validation and safety data required for inclusion into the existing biopharma industry by regulators, physicians, and insurance companies.

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Tetra Bio-Pharma Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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