other material
confidence high
sentiment negative
materiality 0.40
BriaCell's BriaPro subsidiary posts Q1 loss of $128K; holds $211K in intangible assets
BriaCell Therapeutics Corp.
- BriaPro completed spin-out from BriaCell on Aug 31, 2023, receiving Bria-TILsRx and PKCδ inhibitor assets.
- Net loss of $128K for three months ended Oct 31, 2023; no revenue; operating loss $132K.
- Intangible assets (patents) of $211K net; cash and equivalents of $1; accumulated deficit $148K.
- Going concern uncertainty noted; BriaPro needs additional financing to continue operations.
- BriaCell owns 2/3 of BriaPro; provides transition services for $20K/month.