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AdAlta capitalises on $5-million raising to progress drug to treat fibrotic diseases

AdAlta Ltd (ASX:1AD) chief executive officer Sam Cobb updates Proactive Investors on the health-focused company's recent $5 million raising to progress the development of its key AD-214 drug for the treatment of idiopathic pulmonary fibrosis.
Cobb says recent animal trials will soon progress to human testing in Australia.
The company aims to start phase-one studies in January 2020.
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