Destiny Pharma Fundraising to raise up to £7.0 million

Destiny Pharma plc (AIM: DEST) (the “Company” or “Destiny Pharma”), a clinical stage biotechnology company focused on the development of novel medicines to prevent life threatening infections, today announces a conditional fundraising of up to approximately £7.0 million (before expenses) comprising the Placing, the Subscription and the Open Offer. The net proceeds of the Fundraising will allow the Company to continue progress towards Phase 3 trials in its two lead, clinical assets, NTCD-M3 and XF-73 Nasal, and finalise regulatory plans, whilst also strengthening the balance sheet as the Company progresses partnering discussions in relation to NTCD-M3.

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