ThermoVax Vaccine Stability PlatformThermoVax reduces cold-chain dependency, a structural advantage for vaccine distribution and biodefense programs. Heat-stable formulations can attract government funding and strategic partners, creating durable licensing and collaboration opportunities that persist beyond any single clinical readout.
Confirmatory Phase 3 Progress On HyBryteCompleting planned enrollment for the FLASH2 confirmatory Phase 3, which mirrors a prior statistically significant study, materially de-risks the regulatory pathway. A positive confirmatory result would enable commercialization, licensing, or government uptake, fundamentally changing the company's long-term cash generation prospects.
Improving Leverage And Exchange ComplianceMarked debt reduction and positive equity lower insolvency and refinancing risk, improving strategic flexibility. Regaining Nasdaq compliance further reduces listing risk and preserves access to public capital markets and partner credibility, supporting longer-term financing and partnership options.