NetworkNewsBreaks – BriaCell Therapeutics Corp. (OTCQB: BCTXF) (TSX.V: BCT) Closes First Tranche of Private Placement; Plans to Release Early Efficacy Data of Lead Candidate in Combination Study

March 26, 2019 09:06:45

BriaCell Therapeutics (OTCQB: BCTXF) (TSX.V: BCT), a biotechnology company developing targeted, safe treatments for cancer, this morning announced that it has closed the first tranche of a non-brokered private placement of up to 20,000,000 of its common shares, each at a price of C$0.10, for gross proceeds of up to approximately C$2,000,000. According to the update, the first tranche comprised of 7,500,000 common shares, each at a price of C$0.10, for gross proceeds of C$750,000. The closing of the second and final tranche of the offering is scheduled to occur in late March 2019. BriaCell intends to use net proceeds from the offering to finance its Phase IIa combination study of Bria-IMT(TM) with KEYTRUDA® by Merck & Co. Inc. (NYSE: MRK) in advanced breast cancer, as well as to pursue other research opportunities, for working capital and general corporate purposes. In addition, the company shared that it is finalizing analysis of the initial efficacy data of the first six patients in the combination study of its lead candidate, Bria-IMT(TM), with pembrolizumab (KEYTRUDA®) in advanced breast cancer.  BriaCell plans to announce this data via press release on April 3, 2019, concurrent with its poster presentation at the American Association for Cancer Research (“AACR”) Annual Meeting in Atlanta, Georgia.

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About BriaCell

BriaCell is an immuno-oncology focused biotechnology company developing targeted and safe approaches for the management of cancer. BriaCell is currently conducting a Phase I/IIa clinical trial of Bria-IMT, its lead candidate, in a combination study with pembrolizumab [Keytruda; manufactured by Merck & Co., Inc.] or ipilimumab [Yervoy; manufactured by Bristol-Myers Squibb Company]. The combination study is listed in as NCT03328026. BriaCell is developing Bria-OTS, an off-the-shelf personalized immunotherapy, for advanced breast cancer. Bria-OTS immunotherapy treatments are personalized to match the patient without the need for personalized manufacturing. Bria-OTS, which is expected to cover over 90 percent of the patient population, is designed to produce a potent and selective immune response against the cancer of each patient while eliminating the time, expense, and complex manufacturing logistics associated with other personalized immunotherapies. For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to BCTXF are available in the company’s newsroom at

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