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Virpax Pharmaceuticals, Inc. (Virpax), a preclinical-stage pharmaceutical company, reported financial results for the quarter ended September 30, 2024. The company experienced a net loss of $2,006,456 for the quarter, compared to a net loss of $5,994,498 for the same period in 2023. Operating expenses totaled $1,924,354, a significant decrease from $6,115,138 in the previous year, primarily due to reduced legal expenses following the settlement of a lawsuit. Research and development expenses also decreased to $1,143,396 from $1,495,619 year-on-year. The company's cash position as of September 30, 2024, was $17,229, down from $9,141,512 at the end of 2023. Virpax's financial performance reflects ongoing investments in its drug development pipeline, including its lead product candidate Probudur, a non-opioid pain management treatment. The company's future plans include continuing clinical trials and seeking additional funding to support operations and product development. Virpax's ability to continue as a going concern is dependent on raising additional capital, which may include equity offerings, debt financings, or strategic partnerships.
Virpax Pharmaceuticals, Inc. (Virpax), a preclinical-stage pharmaceutical company, reported financial results for the quarter ended September 30, 2024. The company experienced a net loss of $2,006,456 for the quarter, compared to a net loss of $5,994,498 for the same period in 2023. Operating expenses totaled $1,924,354, a significant decrease from $6,115,138 in the previous year, primarily due to reduced legal expenses following the settlement of a lawsuit. Research and development expenses also decreased to $1,143,396 from $1,495,619 year-on-year. The company's cash position as of September 30, 2024, was $17,229, down from $9,141,512 at the end of 2023. Virpax's financial performance reflects ongoing investments in its drug development pipeline, including its lead product candidate Probudur, a non-opioid pain management treatment. The company's future plans include continuing clinical trials and seeking additional funding to support operations and product development. Virpax's ability to continue as a going concern is dependent on raising additional capital, which may include equity offerings, debt financings, or strategic partnerships.
Virpax Pharmaceuticals, Inc.（Virpax）は、前臨床段階の医薬品企業で、2024年9月30日に終了した四半期の財務結果を報告しました。会社は四半期で2,006,456ドルの純損失を計上し、2023年の同時期には5,994,498ドルの純損失がありました。営業費用は1,924,354ドルで、昨年の6,115,138ドルから大幅に減少しました。これは、訴訟の和解に伴う法的費用の削減によるものです。研究開発費用も年々1,495,619ドルから1,143,396ドルに減少しました。2024年9月30日時点での会社の現金状況は17,229ドルで、2023年末の9,141,5...すべて展開
Virpax Pharmaceuticals, Inc.（Virpax）は、前臨床段階の医薬品企業で、2024年9月30日に終了した四半期の財務結果を報告しました。会社は四半期で2,006,456ドルの純損失を計上し、2023年の同時期には5,994,498ドルの純損失がありました。営業費用は1,924,354ドルで、昨年の6,115,138ドルから大幅に減少しました。これは、訴訟の和解に伴う法的費用の削減によるものです。研究開発費用も年々1,495,619ドルから1,143,396ドルに減少しました。2024年9月30日時点での会社の現金状況は17,229ドルで、2023年末の9,141,512ドルから減少しました。Virpaxの財務成績は、主力製品候補であるProbudur（非オピオイド疼痛管理治療）を含む医薬品開発パイプラインへの継続的な投資を反映しています。会社の今後の計画には、臨床試験の継続および営業活動や製品開発を支援するための追加資金の獲得が含まれています。Virpaxが継続的な企業として存続する能力は、追加資本の調達に依存しており、これは株式提供、負債ファイナンス、または戦略的パートナーシップを含む場合があります。
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