Debt-free / Very Low LeverageA debt-free balance sheet materially lowers insolvency risk and gives management optionality to prioritize R&D or licensing discussions without debt covenants. Over 2–6 months this structural flexibility supports strategic partnering and staged financing choices rather than firefighting liquidity.
Clear Niche: Repurposing And Reformulating DrugsA well-defined strategy targeting reformulation and drug-delivery for fibrosis leverages existing safety data and can shorten development timelines versus novel drugs. That business model is attractive to partners and reduces scientific/clinical risk, supporting license or collaboration pathways over coming months.
Reduced Loss In 2025 Vs 2024A materially smaller 2025 loss indicates management has tightened costs or completed one-off recapitalization actions. If sustained, this trend can extend runway, lower near-term funding needs, and improve negotiating leverage with potential partners or investors over the medium term.