other material
confidence high
sentiment neutral
materiality 0.60
GRI Bio reports Q1 net loss $1.9M; cash $4.1M; Phase 2a IPF study interim data due Q3 2024
GRI Bio, Inc.
- Net loss $1.9M for Q1 2024; R&D expenses $0.9M, G&A $1.0M.
- Cash and equivalents $4.1M as of March 31, 2024; public offering raised $5.5M gross in Feb 2024.
- GRI-0621 Phase 2a biomarker study in IPF: interim data Q3 2024, topline results Q4 2024.
- GRI-0803 for SLE: IND-enabling studies to complete Q3 2024; IND filing expected H2 2024.
- Expanded IP estate with Korean patent issuance and Canadian notice of allowance for NKT cell modulators.