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Argent BioPharma (ASX: RGT, OTCQB: RGTLF) reports progress in its collaboration with SINTEF on enhancing antimicrobial therapies for chronic wounds and oncologic wound care. The company has advanced its proprietary antimicrobial compounds using nano-encapsulation technology to improve drug efficacy and targeted delivery.
Key achievements include establishing standardized in vitro assays, identifying Synthetic Wound Fluid (SWF) as the optimal testing medium, and selecting promising APIs with pH-dependent antimicrobial activity. The research targets diabetic foot ulcers, pressure sores, post-surgical infections, and non-melanoma skin cancer excisions.
The next phase will focus on refining API combinations for nano-encapsulation and conducting Minimum Inhibitory Concentration studies. The initiative aims to address biofilm formation, antibiotic resistance, and chronic infections in a global advanced wound care market projected to exceed $15 billion by 2030.
Argent BioPharma (ASX:RGT) (OTCQB:RGTLF) has successfully completed a US$4.5 million capital raise through a placement of 5,625,000 Units at US$0.80 each. Each Unit includes two ordinary shares and one warrant exercisable at US$0.55 with a three-year expiry.
The placement will be executed in two tranches: Tranche 1 with 5,000,000 shares and 2,500,000 warrants issued immediately, and Tranche 2 with 6,250,000 shares and 3,125,000 warrants subject to shareholder approval. The shares are priced at US$0.40, representing a 370% premium to the 15-day VWAP.
The funds will support Argent's drug development pipeline, particularly CannEpil® clinical studies. The company is conducting a strategic review following LSE delisting and preparing for US National Listing. Sputnik Enterprises , acting as corporate advisor, will receive a 5% cash fee and 1,125,000 warrants.
Argent BioPharma (ASX: RGT) (OTCQB: RGTLF) has successfully completed a US$4.5 million capital raise through a placement of 5,625,000 Units at US$0.80 each. Each Unit includes two ordinary shares and one warrant exercisable at US$0.55 with a three-year expiry.
The placement will be executed in two tranches: Tranche 1 with 5,000,000 shares and 2,500,000 warrants issued immediately, and Tranche 2 with 6,250,000 shares and 3,125,000 warrants pending shareholder approval. The placement shares are priced at US$0.40, representing a 370% premium to the 15-day VWAP.
The funds will support Argent's drug development pipeline, particularly CannEpil® clinical studies. The company is conducting a strategic review following LSE delisting and preparing for US National Listing. Sputnik Enterprises , acting as corporate advisor, will receive a 5% cash fee and 1,125,000 warrants.
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