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FSD Pharma raises more than C$10M in private placement, makes progress with coronavirus treatment

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 its shares at C$6.75 each.

What's more, Bokhari explains how the company is progressing with submitting an IND application to the FDA for its coronavirus treatment.

Quick facts: FSD Pharma

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Price: 1.92 CAD

Market Cap: $68.8 m

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FSD Pharma 'excited' to acquire pharma group Lucid Psycheceuticals to...

FSD Pharma (CSE:HUGE, NASDAQ:HUGE) Inc (CSE:HUGE) (NASDAQ:HUGE) Interim CEO Anthony Durkacz tells Proactive the group is to buy Canada-based specialty psychedelic pharma group Lucid Psycheceuticals Inc in a stock deal worth around US$9 million (C$11.3 million). Durkacz says the life sciences...

4 weeks ago

2 min read