Some people might question why now, but if a company wants to get approval for a trial it needs to show it has the funds to complete it.
Column 1 1 Proceeds from the Placement will be used to:- fund further clinical development of OPT-302 as a therapy for wet Age-related Macular Degeneration (“wet AMD” or “wAMD” through commencement of two concurrent Phase 3 pivotal registrational trials in approximately 660 wet AMD patients each; and- manufacture sufficient quantities of clinical grade OPT-302 for Phase 3 clinical development
Ann: Opthea Raises A$50 million in Institutional Placement, page-3
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