earnings
confidence high
sentiment neutral
materiality 0.50
GRI Bio reports Q3 net loss of $6.3M; cash runway extended into mid Q1 2025
GRI Bio, Inc.
2024-Q3 EPS reported
-$4.56
- Net loss of $6.3M for nine months ended Sep 30, 2024; R&D expenses $2.9M.
- Cash and cash equivalents $4.7M as of Sep 30, 2024.
- Raised $13.9M gross proceeds since start of 2024, extending runway into mid Q1 2025.
- Interim data from GRI-0621 Phase 2a biomarker study expected Q1 2025; topline Q2 2025.
- Preclinical data presented; Japan patent granted; Australian study authorization received.