GRI Bio Reports Third Quarter 2024 Financial Results and Outlines Progress Towards Clinical Data Readout of GRI-0621 in Ongoing Phase 2a Study for Idiopathic Pulmonary Fibrosis
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GRI Bio has reported its third quarter 2024 financial results, highlighting $13.9 million in gross proceeds raised since the start of 2024. This funding extends their cash runway into mid-Q1 2025, supporting the ongoing Phase 2a study of GRI-0621 for idiopathic pulmonary fibrosis.
November 14, 2024 | 9:30 pm
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GRI Bio has successfully raised $13.9 million, extending its cash runway into mid-Q1 2025. This financial stability supports the ongoing Phase 2a study of GRI-0621, a potential treatment for idiopathic pulmonary fibrosis.
The successful fundraising of $13.9 million provides GRI Bio with financial stability, allowing them to continue their Phase 2a study of GRI-0621. This progress is crucial for the company's development pipeline and investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100