The following is a summary of the PolyPid Ltd (PYPD) Q1 2024 Earnings Call Transcript:

Financial Performance:

• PolyPid reported Q1 2024 cash and short-term deposits of $14.5 million.

• Research and development expenses for this period were $5.1 million, up from $3.8 million in Q1 2023, mainly due to the SHIELD II Phase III trial.

• The company saw a net loss of $6.4 million for this quarter, a slight increase compared to the $6.1 million net loss in Q1 2023.

Business Progress:

• PolyPid has enrolled over 200 subjects in its SHIELD II trial for D-PLEX100, with the Data Safety Monitoring Committee recommending continuation of the study without modifications.

• The company has secured considerable intellectual property protection for D-PLEX100 with about 175 granted and pending patent applications.

• It gathered around $15 million from private placement financing in January 2024, with potential to secure an additional $19 million if the interim analysis results are positive and all warrants are exercised.

More details: PolyPid IR

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