Capital RequirementsThe company is going to need to raise capital soon, either before or after the data, given the short runway.
Financial PerformanceAvenue reported 2Q24 results with a net loss of ($2.7M) and ended the period with $4.9M in cash on the balance sheet.
Financing NeedsA P2a is planned, but additional financing is needed for which Avenue is exploring its options, including potential partnerships.