Strengthened Financial Position
Fractyl Health completed a $23 million underwritten public offering of common stock, led by several leading healthcare investors, which extends the company’s cash runway through key upcoming data readouts.
Reduced Cash Burn
The company reduced its cash burn rate from $25.4 million in Q1 to $19.8 million in Q2 by winding down spend on noncritical programs.
Positive Data from Revita
New data from the German real-world registry study showed up to two years of benefit in weight maintenance and blood sugar control following a single Revita treatment.
Revita's Market Potential
Revita could be positioned as a straightforward, one-time intervention for obesity, akin to LASIK, with substantial interest from GI physicians and potential for significant procedure volumes upon FDA approval.
Rejuva Program Advancements
Rejuva has completed preclinical efficacy, toxicity, and biodistribution studies, with CMC manufacturing nearly complete and agreement reached with regulators on the design of the forthcoming clinical study.