Camp4 Therapeutics received Australian regulatory clearance to start its Phase 1/2 trial of CMP-002 and triggered a financing milestone enabling up to $50.1 million in additional proceeds.
Key Highlights:
- Received TGA and local HREC clearance to initiate Phase 1/2 trial of CMP-002 for SYNGAP1-related disorder, allowing trial sites in Australia.
- Clearance satisfied the CTA Milestone under the Sept 9, 2025 Securities Purchase Agreement.
- Company obtained a Price Threshold Waiver and satisfied the Second Closing Trigger under the Purchase Agreement.
- Subject to remaining conditions and investor participation, Camp4 is eligible to receive up to ~$50.1M gross for up to 32,721,172 shares (or pre-funded warrants); closing expected ~Aug 3, 2026.
- Australia chosen for initial filing due to SYNGAP1 expertise and trial infrastructure; company pursuing broader international filings.
Original SEC Filing:
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