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Processa Pharmaceuticals, Inc. (Processa), a clinical-stage biopharmaceutical company, reported its financial performance and business developments for the quarter ended March 31, 2024. The company's cash and cash equivalents saw a significant increase to $8,920,363 from $4,706,197 in the previous quarter. Research and development expenses decreased slightly to $1,539,070 compared to $1,627,480 in the same period last year, while general and administrative expenses saw a substantial decrease to $1,270,528 from $2,478,055, primarily due to a non-recurring expense related to stock purchase warrants in the previous year. The net loss for the quarter was $2,726,381, with a net loss per common share of $1.11. Processa's business development focused on advancing its pipeline of Next Generation Chemotherapy (NGC) drugs, with ongoing clinical trials for NGC-Cap and plans to...Show More
Processa Pharmaceuticals, Inc. (Processa), a clinical-stage biopharmaceutical company, reported its financial performance and business developments for the quarter ended March 31, 2024. The company's cash and cash equivalents saw a significant increase to $8,920,363 from $4,706,197 in the previous quarter. Research and development expenses decreased slightly to $1,539,070 compared to $1,627,480 in the same period last year, while general and administrative expenses saw a substantial decrease to $1,270,528 from $2,478,055, primarily due to a non-recurring expense related to stock purchase warrants in the previous year. The net loss for the quarter was $2,726,381, with a net loss per common share of $1.11. Processa's business development focused on advancing its pipeline of Next Generation Chemotherapy (NGC) drugs, with ongoing clinical trials for NGC-Cap and plans to initiate a Phase 2 trial in breast cancer. The company also discussed its strategies for NGC-Gem and NGC-Iri, subject to funding availability. Processa's future plans include continuing the development of NGC-Cap, meeting with the FDA to discuss potential trial designs for NGC-Gem, and conducting IND-enabling and toxicology studies for NGC-Iri. The company's financial position is expected to fund operations into early 2025, with ongoing efforts to secure additional financing for future clinical trials and research programs.
臨床段階のバイオ医薬品企業であるProcessa Pharmaceuticals, Inc.（以下、Processa）は、2024年3月31日終了の四半期の財務業績とビジネスの動向を発表しました。同社の現金及び現金同等物は前四半期の$4,706,197から$8,920,363に大幅に増加しました。研究開発費は、昨年同期の$1,627,480に対し$1,539,070にわずかに減少し、一方で一時的な株式購買認可証に関連した一回限りの支出があったため、一般管理費は大幅に$2,478,055から$1,270,528に減少しました。四半期の純損失は$2,726,381で、一般株式1株当たりの純損失は$...すべて展開
臨床段階のバイオ医薬品企業であるProcessa Pharmaceuticals, Inc.（以下、Processa）は、2024年3月31日終了の四半期の財務業績とビジネスの動向を発表しました。同社の現金及び現金同等物は前四半期の$4,706,197から$8,920,363に大幅に増加しました。研究開発費は、昨年同期の$1,627,480に対し$1,539,070にわずかに減少し、一方で一時的な株式購買認可証に関連した一回限りの支出があったため、一般管理費は大幅に$2,478,055から$1,270,528に減少しました。四半期の純損失は$2,726,381で、一般株式1株当たりの純損失は$1.11です。Processaのビジネス開発は、Next Generation Chemotherapy（NGC）ドラッグのパイプラインの前進に焦点を当て、NGC-Capの臨床試験を進行中であり、乳がんの第2相試験を開始する計画があります。同社は、資金調達が可能な場合に、NGC-GemおよびNGC-Iriについても戦略を説明しました。Processaの将来の計画には、NGC-Capの開発を継続し、NGC-Gemの試験設計の可能性をFDAと協議し、NGC-IriのIND-enabledおよび毒性学研究を実施することが含まれます。同社の財務状況は、将来の臨床試験および研究プログラムの追加資金調達に向けた取り組みを継続しながら、2025年初まで運営費を賄うことが予想されています。
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