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CERo Therapeutics, Inc. Announces Option Exercise for Additional Series D Financing
Globenewswire· 2025-06-06 12:15
Company Overview - CERo Therapeutics Holdings, Inc. is an innovative immunotherapy company focused on developing next-generation engineered T cell therapeutics for cancer treatment [5] - The company employs a proprietary approach to T cell engineering that integrates characteristics of both innate and adaptive immunity, aiming to enhance cancer therapy effectiveness [5] Recent Developments - CERo has issued additional shares of its Series D Preferred Stock to institutional investors, with a total purchase price of up to $8 million, including $5 million previously issued [1] - The gross proceeds from the recent closing are expected to be approximately $750,000, with potential additional funding of up to $2.25 million at the investors' discretion [3] - The net proceeds from this offering will be utilized to leverage recent FDA IND allowances in liquid and solid tumors and to expedite site activation at MDACC [3] Clinical Progress - The company has achieved a significant milestone with the completion of first-in-human dosing for its novel autologous CAR-T therapeutic candidate, CER-1236, targeting TIM 4L in acute myeloid leukemia (AML) [2] - CERo initiated clinical trials for CER-1236 in April 2025, marking its lead product candidate for hematological malignancies [5]
CERo Therapeutics Holdings, Inc. Poised to Initiate Enrollment of Phase 1 Trial of CER-1236 in AML Following Positive FDA Review of Manufacturing
GlobeNewswire News Room· 2025-03-27 12:15
Core Insights - CERo Therapeutics has received FDA approval for an amendment to its IND regarding Chemistry, Manufacturing, and Controls (CMC), allowing the company to initiate patient dosing in the first half of 2025 [1][2] - The company has also had an abstract accepted for presentation at the 2025 ASCO conference, scheduled for May 30 to June 5 in Chicago [2] - The Phase 1/1b clinical trial for CER-1236 will evaluate its safety and preliminary efficacy in patients with relapsed/refractory measurable residual disease positive acute myeloid leukemia [2][3] Company Overview - CERo Therapeutics is focused on developing next-generation engineered T cell therapeutics for cancer treatment, utilizing a proprietary approach that combines innate and adaptive immunity [3] - The company aims to create Chimeric Engulfment Receptor T cells (CER-T) that can potentially target both hematological malignancies and solid tumors, offering a differentiated therapeutic application compared to existing CAR-T therapies [3]