DiaMedica Therapeutics Inc. raised $11.8 million in a private placement to fund clinical and product development activities for DM199 and for other working capital and general corporate purposes.
Amount Raised
$11.8 Million
Round Type
Post-IPO Equity
MinneapolisBiotechnologyHealth CareTherapeuticsBiopharmaDescription
DiaMedica Therapeutics Inc. has entered into definitive agreements to sell its common shares in a private placement with accredited investors. The transaction is expected to result in gross proceeds of $11.8 million. The company plans to use the net proceeds to continue its clinical and product development activities for DM199 (rinvecalinase alfa), including its pivotal Phase 2/3 ReMEDy2 trial for the treatment of acute ischemic stroke and its clinical expansion into preeclampsia, and for other working capital and general corporate purposes.
Quick answer
DiaMedica Therapeutics raised $11.8 Million in a Post-IPO Equity round, dated June 26, 2024. DiaMedica Therapeutics is based in Minneapolis, Minnesota, United States.
- How much did DiaMedica Therapeutics raise?
- DiaMedica Therapeutics raised $11.8 Million in a Post-IPO Equity round on June 26, 2024.
- What does DiaMedica Therapeutics do?
- DiaMedica Therapeutics Inc. (Nasdaq: DMAC), is a clinical-stage biopharmaceutical company that is focused on developing novel treatments where there is significant unmet clinical need or where no current therapies are..
- Where is DiaMedica Therapeutics based and how big is it?
- DiaMedica Therapeutics is based in Minneapolis, Minnesota, United States. Fundz records about 38 employees.
- Who are the decision-makers at DiaMedica Therapeutics?
- Fundz holds 1 contact at DiaMedica Therapeutics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Therapeutics and Biopharma around the same time
Companies in the same sectors as DiaMedica Therapeutics that raised within 45 days of this round, from Fundz verified event records.
- Lipella Pharmaceuticals raised $120K on July 31, 2024.
- Ensho Therapeutics raised $400K on July 19, 2024.
- Renalys Pharma raised $38M (Series A) on July 17, 2024.
- AusperBio raised $37M (Series A) on July 15, 2024.
- SciRhom GmbH raised $70M (Series A) on July 9, 2024.
- Cartesian Therapeutics, Inc. raised $130M on July 2, 2024.
Who to call at DiaMedica Therapeutics, and when
A new round usually means DiaMedica Therapeutics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day DiaMedica Therapeutics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DiaMedica Therapeutics, from your own LinkedIn network
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