EXACT Therapeutics: Exercise of Warrants by GE Medical Holding AB

Core Viewpoint - GE Medical Holding AB has exercised all its warrants in EXACT Therapeutics, resulting in gross proceeds of NOK 33 million, following a positive safety read-out from the phase 2 ENACT trial in locally advanced pancreatic cancer [1][2]. Group 1: Company Developments - EXACT Therapeutics announced that GE Medical Holding AB will exercise all of its 26,973,169 warrants, leading to gross proceeds of NOK 33 million for the company [2]. - The exercise of warrants is linked to the positive safety read-out from the ENACT phase 2 trial, which has encouraged further investment [2][5]. - The remaining warrant holders have until 26 February 2026 to exercise their warrants, with updates on the exercise expected to follow [2]. Group 2: Clinical Trial Insights - The ENACT phase 2 trial has shown early encouraging results, including significant tumor shrinkage and a decrease in the tumor biomarker CA 19-9 by over 85% [5]. - The Trial Monitoring Committee has issued a positive conclusion for the pre-planned safety read-out, allowing the trial to proceed as planned [5]. Group 3: Company Background - EXACT Therapeutics is a clinical-stage precision medicine company that utilizes ultrasound to activate its proprietary drug PS101, enhancing the clinical benefits of oncology therapies [4]. - PS101 has a unique mode of action and can be combined with various therapeutic agents across multiple indications, including brain diseases [4].