BRIEF-CervoMed Announces Up To $149.4 Mln Private Placement Financing

Reuters03-28

March 28 (Reuters) - CervoMed Inc :

* CERVOMED ANNOUNCES UP TO $149.4 MILLION PRIVATE PLACEMENT FINANCING JOINED BY LEADING HEALTHCARE INVESTORS

* CERVOMED INC: PRO FORMA CASH AND CASH EQUIVALENTS FROM UPFRONT PROCEEDS EXPECTED TO PROVIDE RUNWAY THROUGH END OF 2025

* CERVOMED INC: INTENDS TO USE NET PROCEEDS FROM PROPOSED FINANCING TO FUND RESEARCH & DEVELOPMENT OF ITS CLINICAL-STAGE PRODUCT CANDIDATE, NEFLAMAPIMOD

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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