Chimeric Therapeutics Receives AU$4 Million Funding to Develop Cancer Targeting Cell Therapy

MT Newswires Live

2025/02/28

Chimeric Therapeutics (ASX:CHM) has received AU$4 million in non-dilutionary funding to develop its CHM CDH17, a cell therapy targeting cancer, according to a Thursday filing with the Australian bourse.

The funds, provided by an undisclosed US-based philanthropic family office, are non-refundable, with no further obligations, and no equity or intellectual property has been transferred, the filing said.

Chimeric clarified that the identity of the philanthropic family office does not have any material impact on the company's securities, the filing added.

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