Edesa Biotech (EDSA) has released an update.
Edesa Biotech has reported a drop in operating expenses to $2.2 million for Q2 and is advancing its clinical programs, with ongoing Phase 3 studies for its ARDS drug candidate, EB05, and plans for Phase 2 studies in pulmonary fibrosis and vitiligo. The company benefits from Canadian government funding and aims to expand medical applications and partnerships for its anti-TLR4 technology. Prudent financial management and strategic resource allocation have been key in maintaining operational efficiency during this period.
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