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Captura Biopharma Secures $50 Million Investment Commitment From Gem As Company Seeks To Go Public In Coming Months

Captura Biopharma Secures $50 Million Investment Commitment From Gem As Company Seeks To Go Public In Coming Months

08/18/21, 9:54 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglittle rock
Captura Biopharma -- Captura announced that it has signed an agreement with GEM Global Yield LLC SCS ("GEM"), the Luxembourg-based private alternative investment group providing Captura with a Share Subscription Facility of up to $50 Million over a 36-month term following a public listing of Captura's common stock. Captura Biopharma will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation.

Company Info

Company
Captura Biopharma
Location
little rock, arkansas, united states
Additional Info
Captura Biopharma, LLC is an emerging biotechnology company engaged in the development and commercialization of heavy metal chelators useful in the treatment of internal radionuclide contamination and heavy metal poisoning. Its lead chelation candidate, C2E2, will be the world's first oral treatment indicated for internal radiation contamination and has been proven in efficacy studies to target select heavy metals, notably americium, plutonium, and lead. Heavy metal contamination, including exposure to transuranic elements, is on the rise. UNICEF estimates one third of the world's children suffer from lead poisoning and its associated detrimental neurological effects. Post-COVID lead-poisoning incidence is expected to increase due to pandemic-related supply chain issues with the current standard of care drug, succimer. Captura also intends to pursue indications for cadmium poisoning as well as rare-earth-metal poisoning. Increased investment in electric vehicles, solar power, and lithium-ion batteries will drive cadmium use and associated toxic exposure evident in manufacturing and disposal. Captura is uniquely positioned to serve these multi-billion-dollar markets with an easily accessible and useable product formulated to meet situation requirements.