For Chimeric Therapeutics (CHM: $0.029), achieving Phase Ib data from its programs is expected to position the company for licensing deals ahead of registration Phase II studies with CAR-T cell therapies.

Chimeric Therapeutics (CHM: $0.039) has announced a capital raise for up to $6.3 million, which comprises of a $1.04 million placement to board and management and a $5.25 million SPP.

Chimeric Therapeutics (CHM: $0.076) is commercialising cell therapy technologies sourced from three US research institutions to treat a range of poorly addressed cancers. Patients with these diseases had a five-year survival expectation of just 5% - 27%.

CAR-T therapies currently remain predominantly for use in oncology according to Chimeric Therapeutics CEO and Bioshares Biotech Summit keynote speaker Jennifer Chow.

Cancer therapies commenced largely in the 1940's with chemotherapy, which could be described as bombing the patient with broad acting drugs. This was followed by targeted therapies in the 1990's such as monoclonal antibodies. In the last decade, the major advances have been in immunotherapies, such as checkpoint therapies. These targeted therapies started to improve short-term survival, and then the immunotherapies were found to improve long-term survival.

Chimeric Therapeutics (CHM: $0.14) has raised $14.4 million through a rights issue conducted at $0.17 per share. The company finished last year with $13.4 million in cash following its IPO in January last year when the company raised $35 million at $0.20 per share.

Chimeric Therapeutics (CHM: $0.21) has finished dosing the second cohort of three patients in its chlorotoxin CAR-T cell therapy in patients with glioblastoma.