Cash Flow ConcernsCash of $5.7MM, plus the recent Yorkville Capital transaction, can fund operations only through Q4:2025, raising skepticism about the company's ability to generate the needed funds in a competitive IPF space.
Financial UncertaintyThere is concern about the lack of sufficient funding to restart its Phase 2 trial in the US and the ability to raise the approximately $40MM needed to run the study.
Regulatory DelaysRNTX’s Q2 update was disappointing, as the company is still waiting for a meeting with the FDA regarding the clinical hold of the Phase 2 RENEW trial which is expected to delay the trial by up to 10 months.