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Seelos Therapeutics, Inc. reported a challenging financial quarter ending March 31, 2024, with a decrease in cash from $2.996 million to $524,000. The company's total assets also declined from $5.418 million to $3.612 million. Operating expenses saw a reduction, with research and development costs dropping from $5.668 million to $3.525 million, and general and administrative expenses from $4.072 million to $3.109 million. The net loss for the quarter was $2.664 million, an improvement from the previous year's $13.431 million. The company's future plans include focusing resources on the Phase II study of SLS-002 for acute suicidal ideation and behavior in major depressive disorder patients and the fully enrolled Phase II/III study of SLS-005 in ALS. Seelos also announced a strategic focus on mental health initiatives and a workforce reduction affecting 33% of its employees to reduce operating expenses and extend cash runway. The company faces challenges with maintaining NASDAQ listing requirements, with a recent notice indicating potential delisting due to non-compliance with the minimum bid price requirement and market value of listed securities rule.
Seelos Therapeutics, Inc. reported a challenging financial quarter ending March 31, 2024, with a decrease in cash from $2.996 million to $524,000. The company's total assets also declined from $5.418 million to $3.612 million. Operating expenses saw a reduction, with research and development costs dropping from $5.668 million to $3.525 million, and general and administrative expenses from $4.072 million to $3.109 million. The net loss for the quarter was $2.664 million, an improvement from the previous year's $13.431 million. The company's future plans include focusing resources on the Phase II study of SLS-002 for acute suicidal ideation and behavior in major depressive disorder patients and the fully enrolled Phase II/III study of SLS-005 in ALS. Seelos also announced a strategic focus on mental health initiatives and a workforce reduction affecting 33% of its employees to reduce operating expenses and extend cash runway. The company faces challenges with maintaining NASDAQ listing requirements, with a recent notice indicating potential delisting due to non-compliance with the minimum bid price requirement and market value of listed securities rule.
Seelos Therapeutics, Inc.は、2024年3月31日に終了する挑戦的な財務四半期を報告し、現金が299.6万ドルから52.4万ドルに減少しました。同社の総資産も541.8万ドルから361.2万ドルに減少しました。営業費用は、研究開発費用が566.8万ドルから352.5万ドルに、一般および管理費用が407.2万ドルから310.9万ドルに減少しました。四半期の純損失は266.4万ドルであり、前年の1343.1万ドルからの改善でした。同社の将来の計画には、急性自殺行動と重度のうつ病患者のSLS-002の第II相試験、および完全に登録されたALSのSLS-005の第II/III相...すべて展開
Seelos Therapeutics, Inc.は、2024年3月31日に終了する挑戦的な財務四半期を報告し、現金が299.6万ドルから52.4万ドルに減少しました。同社の総資産も541.8万ドルから361.2万ドルに減少しました。営業費用は、研究開発費用が566.8万ドルから352.5万ドルに、一般および管理費用が407.2万ドルから310.9万ドルに減少しました。四半期の純損失は266.4万ドルであり、前年の1343.1万ドルからの改善でした。同社の将来の計画には、急性自殺行動と重度のうつ病患者のSLS-002の第II相試験、および完全に登録されたALSのSLS-005の第II/III相試験にリソースを集中することが含まれます。Seelosはまた、精神保健イニシアチブに戦略的に焦点をあて、従業員の33%に影響する労働力削減を発表し、営業費用を削減し、キャッシュランウェイを延長する計画です。同社は、ナスダックの上場要件の維持に課題を抱えており、最低落札価格要件および上場証券の市場価値ルールの不適合のために削除される可能性がある最近の通知が示されています。
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