Progress in Australian Oncology Trial
The first cohort of the Australian oncology trial was completed with no adverse events. An independent Data Safety Monitoring Board recommended advancing to the second cohort of treatments. This indicates progress towards meeting the primary safety endpoint.
Preclinical Success in Long COVID
Presented preclinical data at the Keystone Symposium showing that the Hemopurifier can remove extracellular vesicles implicated in long COVID. This indicates potential for addressing a significant unmet medical need.
Operating Expense Reduction
Consolidated operating expenses reduced by 32% year-over-year from $2.6 million to $1.8 million, mainly due to payroll-related savings and lower legal fees.
Cash Preservation Strategy
Decision to not proceed with the Indian trial will conserve $500,000 to $1 million, focusing resources on Australian trial for faster progression.