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Scancell Holdings Plans $12 Million Share Placing

MT Newswires·07/23/2026 05:38:23
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05:38 AM EDT, 07/23/2026 (MT Newswires) -- Scancell Holdings (SCLP.L) said Thursday it plans to raise $12 million through a placing of new shares to existing institutional investors for 0.09 pound sterling each. The biotechnology company will also launch a retail offer to raise up to 2.3 million pounds through the Winterflood Retail Access Platform for those who will not take part in the placing. The net proceeds will be used to prepare for the phase 3 trial of the iSCIB1+ needle-free immunotherapy for advanced melanoma, as well as for other pipeline work.