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Apimeds (NYSE American: APUS), a clinical-stage biopharmaceutical company developing Apitox, a bee venom-based therapeutic, has announced two significant leadership appointments. Dr. Susan Kramer joins as Senior Vice President of Development, bringing over 30 years of biopharmaceutical experience, including 18 years at Genentech. Brian Peters has been appointed as Head of the company's proprietary ai²™ division.
Dr. Kramer, who previously served as Executive VP of Development at Concentric Analgesics, will oversee all product development activities. Peters, former Chief Strategy & Insights Officer at Heller Agency, will lead the strategy and launch of the ai²™ platform. Both appointments follow Apimeds' recent IPO and aim to strengthen the company's operational leadership.
Apimeds Pharmaceuticals US (NYSE American: APUS) has successfully completed its Initial Public Offering (IPO), raising $13.5 million in gross proceeds through the sale of 3,375,000 common stock shares at $4.00 per share. The company's shares began trading on NYSE American under the symbol "APUS" on May 9, 2025.
The clinical-stage biopharmaceutical company is developing Apitox, an intradermally administered bee venom-based toxin with potential therapeutic applications. The IPO proceeds will fund a Phase III clinical trial in knee osteoarthritis, initiate corporate sponsorship studies in multiple sclerosis, support product manufacturing, and address working capital needs.
D. Boral Capital served as the sole book-running manager, with underwriters receiving a 45-day option to purchase up to 506,250 additional shares and warrants for up to 168,750 shares.
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