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ALRN - Aileron Therapeutics inks $15M stock purchase deal with Lincoln Park Capital
Aileron Therapeutics Inc.
Aileron Therapeutics (ALRN) inks an agreement with Lincoln Park Capital Fund, under which latter will purchase up to $15M of its common stock over a period of 36 months.Lincoln Park made an initial purchase of $500K at $1.36/share. Net proceeds will be used for general corporate purposes and extending cash runway to support ALRN-6924 clinical development strategy.