Clinical Data CatalystThe initial Phase 2 data readout for inhaled LTI-03 in idiopathic pulmonary fibrosis represents a potential major catalyst if it confirms local pulmonary exposure, target engagement, biomarker modulation, and an acceptable safety profile.
Financing And RunwaySecuring flexible non-dilutive and equity-based financing capacity of up to twenty-one million dollars supports the operational runway for the Phase 2 program and reduces the immediate need for dilutive capital.
Regulatory MilestoneFDA removal of the full clinical hold on the U.S. Phase 2 RENEW trial de-risks the program and allows resumption of patient enrollment across about twenty U.S. sites, materially expanding the pool of eligible participants.