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Virpax Pharmaceuticals | 8-K: VIRPAX PHARMACEUTICALS REPORTS 2024 SECOND QUARTER RESULTS AND RECENT DEVELOPMENTS

Virpax Pharmaceuticals | 8-K: VIRPAX PHARMACEUTICALS REPORTS 2024 SECOND QUARTER RESULTS AND RECENT DEVELOPMENTS

Virpax制药 | 8-K:VIRPAX PHARMICALS公布2024年第二季度业绩和近期进展
美股SEC公告 ·  2024/08/13 04:37

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Virpax Pharmaceuticals announced its Q2 2024 financial results, reporting an operating loss of $3.5M compared to $3.1M in Q2 2023. General and administrative expenses decreased to $1.5M from $1.9M, while R&D expenses increased to $2.0M from $1.3M YoY. The company ended the quarter with $1.9M in cash.The company reported positive results from its pharmacokinetics and safety study for Probudur, its lead pain relief asset, in a Swine Model pilot study. The study demonstrated well-tolerated results and a long-term, slow-release profile. Additionally, Virpax secured $2.8M through warrant exercises in July 2024 and regained Nasdaq minimum bid price compliance.In other developments, Virpax closed a $2.5M secured loan to settle litigation, subsequently repaid through warrant proceeds. The company's board was reorganized and reduced to seven members. The company also completed a $2.25M public offering in May 2024, issuing shares and warrants at $1.35 per unit.
Virpax Pharmaceuticals announced its Q2 2024 financial results, reporting an operating loss of $3.5M compared to $3.1M in Q2 2023. General and administrative expenses decreased to $1.5M from $1.9M, while R&D expenses increased to $2.0M from $1.3M YoY. The company ended the quarter with $1.9M in cash.The company reported positive results from its pharmacokinetics and safety study for Probudur, its lead pain relief asset, in a Swine Model pilot study. The study demonstrated well-tolerated results and a long-term, slow-release profile. Additionally, Virpax secured $2.8M through warrant exercises in July 2024 and regained Nasdaq minimum bid price compliance.In other developments, Virpax closed a $2.5M secured loan to settle litigation, subsequently repaid through warrant proceeds. The company's board was reorganized and reduced to seven members. The company also completed a $2.25M public offering in May 2024, issuing shares and warrants at $1.35 per unit.
Virpax制药公司发布了2024年第二季度的财务结果,报告的经营亏损为350万美元,比2023年第二季度的310万美元有所增加。一般和管理费用从190万美元减少至150万美元,而研发费用则同比增加至200万美元,从130万美元提高。公司在季度末现金余额为190万美元。该公司在其主要止痛资产Probudur的药代动力学和安全性研究中获得了积极结果,采用的是猪模型的试点研究。该研究显示了良好的耐受性和长期的缓释特性。此外,Virpax在2024年7月通过行使认股权证获得了280万美元,并重新符合纳斯达克最低买盘价格的合规性。在其他方面,Virpax关闭了一笔250万美元的担保贷款以解决诉讼,随后通过认股权证收益进行了偿还。公司的董事会进行了重组,减少至七名成员。该公司还在2024年5月完成了225万美元的公开发行,以每单位1.35美元的价格发行股票和认股权证。
Virpax制药公司发布了2024年第二季度的财务结果,报告的经营亏损为350万美元,比2023年第二季度的310万美元有所增加。一般和管理费用从190万美元减少至150万美元,而研发费用则同比增加至200万美元,从130万美元提高。公司在季度末现金余额为190万美元。该公司在其主要止痛资产Probudur的药代动力学和安全性研究中获得了积极结果,采用的是猪模型的试点研究。该研究显示了良好的耐受性和长期的缓释特性。此外,Virpax在2024年7月通过行使认股权证获得了280万美元,并重新符合纳斯达克最低买盘价格的合规性。在其他方面,Virpax关闭了一笔250万美元的担保贷款以解决诉讼,随后通过认股权证收益进行了偿还。公司的董事会进行了重组,减少至七名成员。该公司还在2024年5月完成了225万美元的公开发行,以每单位1.35美元的价格发行股票和认股权证。
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