CERo Therapeutics Announces Submission Of IND Clinical Hold Complete Response Letter; Adjusts Previous Guidance About Potential Entry Into The Clinic From 2024 To Early 2025; Recently Disclosed Our Cash Balance Of $3.2M As Of September 30, 2024
Portfolio Pulse from Benzinga Newsdesk
CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) has submitted a Complete Response Letter to the FDA regarding a clinical hold on its CERO-1236 product. The company has adjusted its clinical entry guidance to early 2025 and disclosed a cash balance of $3.2M as of September 30, 2024.
October 21, 2024 | 1:05 pm
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CERo Therapeutics has submitted a response to the FDA regarding a clinical hold on its CERO-1236 product, delaying potential clinical entry to early 2025. The company has a cash balance of $3.2M, which it believes is sufficient to execute its strategy.
The submission of the Complete Response Letter to the FDA is a critical step for CERo, but the delay in clinical entry to 2025 may temper investor enthusiasm. The cash balance provides some financial stability, but the company's future depends on FDA's response.
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