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IGC Pharma raised $234K to advance its Alzheimer’s drug IGC-AD1 in Phase 2 trials.
IGC Pharma announced on January 5, 2026, that it raised $234,000 through a registered direct offering of 779,997 shares at $0.30 each, with proceeds supporting Phase 2 development of IGC-AD1, a cannabinoid-based therapy for agitation in Alzheimer’s dementia within the CALMA trial.
The financing, conducted under an SEC-registered shelf statement, also funds working capital and general corporate purposes.
The company, trading on the NYSE American as IGC, emphasized that new investors bring strategic experience and networks.
Additional pipeline programs target amyloid plaques, tau proteins, neurodegeneration, and metabolic disorders, leveraging AI for drug discovery.
Forward-looking statements caution that actual results may vary due to regulatory, clinical, and AI-related risks.
IGC Pharma recaudó $234K para avanzar su medicamento de Alzheimer IGC-AD1 en pruebas de Fase 2.