The latest announcement is out from Reneo Pharmaceuticals ( (RPHM) ).
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OnKure, Inc., a clinical-stage biopharmaceutical company, experienced a net loss for the years ending December 31, 2023 and 2022, primarily due to research and development and general administrative expenses outpacing the company’s generated revenue. The financial statements raise concerns about the company’s ability to continue as a going concern, given its recurring losses and accumulated deficit. However, OnKure’s management has plans to address these financial challenges as detailed in their statements.
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