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FSD Pharma says $10M in new capital is 'gratifying' as the firm makes progress in coronavirus trial

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Inc (NASDAQ:HUGE) () CEO Raza Bokhari tells Proactive it has closed US$10 million in a registered direct offering.

Bokhari says the offering comes as the Canadian company actively works to submit an Investigational New Drug Application to the FDA to use its FSD201 as a possible treatment to reduce lung inflammation in hospitalized coronavirus patients.

CSE:HUGE

Market: CSE
Market Cap: $40.78 m
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FSD Pharma raises more than C$10M in private placement, makes progress with...

FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE.CN) CEO Raza Bokhari tells Proactive how the firm is planning to use its recently-raised C$10.125 million. Bokhari says the Cobourg, Ontario-headquartered company had struck agreements with institutional investors for the purchase and sale of 1.5 million of...

on 06/12/2020

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