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Virpax Pharmaceuticals, Inc., a Delaware-based company specializing in non-addictive pain management and other pharmaceuticals, reported its financial results for the second quarter ended June 30, 2024, on August 13, 2024. The company announced a decrease in general and administrative expenses to $1.5 million from $1.9 million in the same period the previous year, attributed to reduced severance and insurance expenses. Research and development expenses increased to $2.0 million, up from $1.3 million, mainly due to preclinical activities for their lead asset, Probudur. The operating loss for the quarter was $3.5 million, compared to $3.1 million in 2023. As of June 30, 2024, Virpax had cash reserves of approximately $1.9 million. The company also highlighted recent developments, including positive results from a pharmacokinetics and safety study for Probudur, securing $2.8 million from warrant exercises, and regaining compliance with Nasdaq's minimum bid price requirement. Additionally, Virpax completed a $2.5 million secured loan financing, which led to a reorganization of the company's Board of Directors and the repayment of litigation settlement liabilities.
Virpax Pharmaceuticals, Inc., a Delaware-based company specializing in non-addictive pain management and other pharmaceuticals, reported its financial results for the second quarter ended June 30, 2024, on August 13, 2024. The company announced a decrease in general and administrative expenses to $1.5 million from $1.9 million in the same period the previous year, attributed to reduced severance and insurance expenses. Research and development expenses increased to $2.0 million, up from $1.3 million, mainly due to preclinical activities for their lead asset, Probudur. The operating loss for the quarter was $3.5 million, compared to $3.1 million in 2023. As of June 30, 2024, Virpax had cash reserves of approximately $1.9 million. The company also highlighted recent developments, including positive results from a pharmacokinetics and safety study for Probudur, securing $2.8 million from warrant exercises, and regaining compliance with Nasdaq's minimum bid price requirement. Additionally, Virpax completed a $2.5 million secured loan financing, which led to a reorganization of the company's Board of Directors and the repayment of litigation settlement liabilities.
米国デラウェア州に拠点を置く非依存性の疼痛管理やその他の医薬品に特化した企業Virpax Pharmaceuticalsは、2024年6月30日終了の第二四半期の財務結果を2024年8月13日に発表しました。同社は、退職手当および保険費用の削減により、一般管理費用が前年同期の$1.9 millionから$1.5 millionに減少したことを発表しました。主にリードアセットであるProbudurの臨床前活動に起因する研究開発費用は、$130万から$200万に増加しました。2024年6月30日現在、Virpaxの現金準備は約$1.9 millionです。同社は、Probudurの薬物動態学および...すべて展開
米国デラウェア州に拠点を置く非依存性の疼痛管理やその他の医薬品に特化した企業Virpax Pharmaceuticalsは、2024年6月30日終了の第二四半期の財務結果を2024年8月13日に発表しました。同社は、退職手当および保険費用の削減により、一般管理費用が前年同期の$1.9 millionから$1.5 millionに減少したことを発表しました。主にリードアセットであるProbudurの臨床前活動に起因する研究開発費用は、$130万から$200万に増加しました。2024年6月30日現在、Virpaxの現金準備は約$1.9 millionです。同社は、Probudurの薬物動態学および安全性試験からの好結果、行使証券からの$2.8 millionの調達、Nasdaqの最低買付価格要件の遵守復帰など、最近の事象にも注目しています。さらに、Virpaxは$2.5 millionの保証付きのローンファイナンスを完了し、取締役会の再編成と訴訟和解負債の返済につながりました。
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