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Benzinga
Benzinga
Business
Henry Khederian

Why Clene Shares Are Rising

Clene Nasdaq Maryland

Clene Inc. (NASDAQ:CLNN) shares are trading higher by 10.81% at $2.46 after the company received a $3 million loan from the Maryland Board of Public Works to support production for its lead drug candidate CNM-Au8.

Clene says this non-dilutive loan for capital equipment purchases will support the expansion of the company’s operations in Cecil County, Maryland, at a new commercial manufacturing facility for production of its lead drug candidate, CNM-Au8®, a gold nanocrystal suspension.

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