Financial ConstraintsAdditional capital will be required to fully fund the ongoing Phase 2 trial, and there is a concern that challenging financing conditions can limit the ability to complete the study.
Market ComplianceProcessa has received a notice from the NASDAQ exchange indicating that it is not currently in compliance with the minimum bid price requirement due to the low current share price.
Patient Enrollment DelaysThe required patients for the interim analysis of the Phase 2 trial have not enrolled yet, and it remains unclear when they will enroll due to the cash balance.