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Pascal Biosciences (OTC PINK:BIMUF) announced significant management changes following a capital raise. Chairman Karoly Nikolich will step down, while Vice President Kevin Egan has been promoted to Chief Business Officer due to his extensive biotech experience. CFO Judi Dalling will retire at the end of April. The company is focused on developing therapies for serious diseases like cancer and COVID-19, with ongoing clinical trials for promising candidates such as PAS-403 and PAS-393. These leadership changes might facilitate new partnerships and advancements in their programs.
Pascal Biosciences (OTC PINK:BIMUF) has successfully closed the second tranche of a non-brokered private placement, raising $190,000 from the issuance of 1,900,000 units. This follows a first tranche that raised $560,000 in February 2021. Each unit includes one share and a warrant, allowing the purchase of additional shares at $0.15 for 24 months. The proceeds will bolster working capital, supporting their biotech initiatives focused on serious diseases like cancer and COVID-19. Notably, insiders purchased 1,255,000 units, reflecting strong confidence from existing shareholders.
