GGI Bio Reports Q2 2023 Financial Results And Provides Corporate Update; As Of June 30, 2023, The Company Had Cash And Cash Equivalents Of ~$4.8M
Portfolio Pulse from Happy Mohamed
GRI Bio, Inc. (NASDAQ:GRI) reported Q2 2023 financial results, with cash and cash equivalents of ~$4.8M. The company is advancing its clinical pipeline for inflammatory, fibrotic, and autoimmune diseases. It is preparing to launch a Phase 2a biomarker study for GRI-0621, a treatment for IPF, and expects to file an IND for GRI-0803 in H1 2024. GRI Bio recently completed a merger with Vallon Pharmaceuticals and began trading on Nasdaq under the ticker 'GRI'.
August 14, 2023 | 12:35 pm
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POSITIVE IMPACT
GRI Bio reported Q2 2023 financial results and is advancing its clinical pipeline. It is preparing to launch a Phase 2a study for GRI-0621 and expects to file an IND for GRI-0803 in H1 2024. The company recently completed a merger with Vallon Pharmaceuticals.
The company's financial results, along with the advancement of its clinical pipeline, are likely to have a positive impact on its stock. The upcoming Phase 2a study for GRI-0621 and the expected IND filing for GRI-0803 in H1 2024 indicate progress in the company's product development. The recent merger with Vallon Pharmaceuticals could also boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100