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GRI Bio | 10-Q: Q3 2024 Earnings Report

GRI Bio | 10-Q: Q3 2024 Earnings Report

GRI Bio | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/15 05:30

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GRI Bio reported financial results for Q3 2024, with a net loss of $2.1 million compared to $2.1 million in Q3 2023. Research and development expenses were $1.1 million, while general and administrative expenses decreased to $1.0 million from $1.3 million year-over-year. The company ended the quarter with $4.7 million in cash and cash equivalents.The company continues to advance its lead product candidate GRI-0621 for idiopathic pulmonary fibrosis (IPF), with enrollment ongoing in a Phase 2a biomarker study. Based on current projections, interim data is expected in Q1 2025 with topline results in Q2 2025. The company has also received regulatory clearances to expand the trial to the UK and Australia.During Q3, GRI Bio strengthened its financial position through multiple equity offerings raising gross proceeds of $10.5 million. The company regained compliance with Nasdaq's minimum stockholders' equity requirement but received a new notice regarding the minimum bid price requirement in September 2024. Management believes current cash will fund operations into mid-Q1 2025.
GRI Bio reported financial results for Q3 2024, with a net loss of $2.1 million compared to $2.1 million in Q3 2023. Research and development expenses were $1.1 million, while general and administrative expenses decreased to $1.0 million from $1.3 million year-over-year. The company ended the quarter with $4.7 million in cash and cash equivalents.The company continues to advance its lead product candidate GRI-0621 for idiopathic pulmonary fibrosis (IPF), with enrollment ongoing in a Phase 2a biomarker study. Based on current projections, interim data is expected in Q1 2025 with topline results in Q2 2025. The company has also received regulatory clearances to expand the trial to the UK and Australia.During Q3, GRI Bio strengthened its financial position through multiple equity offerings raising gross proceeds of $10.5 million. The company regained compliance with Nasdaq's minimum stockholders' equity requirement but received a new notice regarding the minimum bid price requirement in September 2024. Management believes current cash will fund operations into mid-Q1 2025.
GRI Bio公佈了2024年第三季度的財務報告,淨虧損爲210萬美元,與2023年第三季度的210萬美元持平。研究和開發支出爲110萬美元,而一般和行政支出則從130萬美元降至100萬美元。公司在本季度結束時擁有470萬美元的現金及現金等價物。公司繼續推進其主要產品候選藥物GRI-0621,用於特發性肺纖維化(IPF),目前正在進行二期生物標誌物研究的招募工作。根據當前預測,預計將於2025年第一季度獲得中期數據,2025年第二季度發佈最終結果。公司還獲得了監管部門的批准,將試驗擴大到英國和澳洲。在第三季度,GRI Bio通過多次股權融資加強了其財務狀況,總共籌集了1050萬美元的總收益。公司重新符合納斯達克的最低股東權益要求,但在2024年9月收到了有關最低買盤價格要求的新通知。管理層認爲,目前的現金將支持運營直到2025年第一季度中期。
GRI Bio公佈了2024年第三季度的財務報告,淨虧損爲210萬美元,與2023年第三季度的210萬美元持平。研究和開發支出爲110萬美元,而一般和行政支出則從130萬美元降至100萬美元。公司在本季度結束時擁有470萬美元的現金及現金等價物。公司繼續推進其主要產品候選藥物GRI-0621,用於特發性肺纖維化(IPF),目前正在進行二期生物標誌物研究的招募工作。根據當前預測,預計將於2025年第一季度獲得中期數據,2025年第二季度發佈最終結果。公司還獲得了監管部門的批准,將試驗擴大到英國和澳洲。在第三季度,GRI Bio通過多次股權融資加強了其財務狀況,總共籌集了1050萬美元的總收益。公司重新符合納斯達克的最低股東權益要求,但在2024年9月收到了有關最低買盤價格要求的新通知。管理層認爲,目前的現金將支持運營直到2025年第一季度中期。
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