other material
confidence high
sentiment positive
materiality 0.70
Coya Therapeutics raises $11.1M via private placement with Dr. Reddy's and Greenlight Capital
Coya Therapeutics, Inc.
- Gross proceeds of ~$11.1M from sale of 2,522,727 shares at $4.40 each; no broker/agent.
- Dr. Reddy's Labs invests $10M, Greenlight Capital $1.1M; expected close Jan 30, 2026.
- Proceeds to accelerate tech transfer and scale-up manufacturing for low dose IL-2 to support COYA 302.
- Reiterates cash runway into H2 2027 and past projected ALSTARS trial topline.