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Biora Therapeutics | 8-K: Biora Therapeutics Provides Corporate Update and Reports Third Quarter 2024 Financial Results

Biora Therapeutics | 8-K: Biora Therapeutics Provides Corporate Update and Reports Third Quarter 2024 Financial Results

Biora Therapeutics | 8-K:Biora Therapeutics提供公司最新情況並報告2024年第三季度財務業績
美股SEC公告 ·  2024/11/15 05:12

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Biora Therapeutics reported Q3 2024 financial results with a net loss of $18.4M and operating expenses of $16.3M. The company has made significant progress in developing a smaller 00-size BioJet device, which now offers the largest payload capacity in the ingestible injectables category at over 300 microliters, enabling delivery of up to 50mg doses.The company is shifting strategy from co-development to licensing the 00-size clinical BioJet device, with testing in advanced animal models planned for Q4 2024. Following successful Phase 1 trials of BT-600, Biora is considering proceeding directly to a larger clinical trial in ulcerative colitis patients.Biora received a Nasdaq compliance extension until December 9 and has reduced operating expenses by 40% to under $2.5M monthly. The company is working with noteholders to increase capitalization while exploring strategic alternatives. Testing of collaborators' molecules in primates is expected to begin in early 2025, with completion anticipated during Q1 2025.
Biora Therapeutics reported Q3 2024 financial results with a net loss of $18.4M and operating expenses of $16.3M. The company has made significant progress in developing a smaller 00-size BioJet device, which now offers the largest payload capacity in the ingestible injectables category at over 300 microliters, enabling delivery of up to 50mg doses.The company is shifting strategy from co-development to licensing the 00-size clinical BioJet device, with testing in advanced animal models planned for Q4 2024. Following successful Phase 1 trials of BT-600, Biora is considering proceeding directly to a larger clinical trial in ulcerative colitis patients.Biora received a Nasdaq compliance extension until December 9 and has reduced operating expenses by 40% to under $2.5M monthly. The company is working with noteholders to increase capitalization while exploring strategic alternatives. Testing of collaborators' molecules in primates is expected to begin in early 2025, with completion anticipated during Q1 2025.
Biora Therapeutics報告了2024年第三季度財務結果,淨虧損爲1840萬美元,營業費用爲1630萬美元。該公司在開發更小的00尺寸BioJet設備方面取得了 significant progress,該設備在可吞服注射劑類別中提供了最大的有效載荷容量,超過300微升,能夠輸送高達50毫克的劑量。該公司正將策略從共同開發轉向授權00尺寸臨牀BioJet設備,並計劃在2024年第四季度進行先進動物模型的測試。 在Bt-600的第一階段試驗成功後,Biora正在考慮直接進行鍼對潰瘍性結腸炎患者的更大臨牀試驗。Biora獲得了納斯達克的合規延長,直至12月9日,並將營業費用減少了40%,月度支出降至250萬美元以下。該公司正在與債權人合作,增加資本,同時探索戰略選擇。與合作者的分子在靈長類動物中的測試預計將在2025年初開始,完成時間預計在2025年第一季度。
Biora Therapeutics報告了2024年第三季度財務結果,淨虧損爲1840萬美元,營業費用爲1630萬美元。該公司在開發更小的00尺寸BioJet設備方面取得了 significant progress,該設備在可吞服注射劑類別中提供了最大的有效載荷容量,超過300微升,能夠輸送高達50毫克的劑量。該公司正將策略從共同開發轉向授權00尺寸臨牀BioJet設備,並計劃在2024年第四季度進行先進動物模型的測試。 在Bt-600的第一階段試驗成功後,Biora正在考慮直接進行鍼對潰瘍性結腸炎患者的更大臨牀試驗。Biora獲得了納斯達克的合規延長,直至12月9日,並將營業費用減少了40%,月度支出降至250萬美元以下。該公司正在與債權人合作,增加資本,同時探索戰略選擇。與合作者的分子在靈長類動物中的測試預計將在2025年初開始,完成時間預計在2025年第一季度。
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