earnings
confidence high
sentiment negative
materiality 0.75
GRI Bio reports FY2024 net loss of $8.2M; cash runway into Q2 2025
GRI Bio, Inc.
- Net loss of $8.2M for FY2024; R&D spend increased 19% to $3.8M; G&A fell 45% to $4.5M.
- Cash and equivalents of $5.0M at Dec 31, 2024; runway only into Q2 2025 (through interim data).
- Phase 2a interim data for GRI-0621 in IPF expected Q2 2025; topline results Q3 2025.
- European patent granted for GRI-0803 and library of 500+ proprietary NKT cell modulators.