FDA Approval for NEPHRO CRRT Trial Adjustments
The trial received FDA approval for a significantly decreased study size from 166 to 70 patients, removal of certain exclusion criteria, and activation of additional high-volume sites to accelerate enrollment.
Successful PIPE Financing
Completed a PIPE financing structured in three equal tranches of $4.925 million, with conditions that are expected to be achieved within the year.
Cost Reduction and Financial Management
Reduced cash operating expenses from $4.2 million in Q1 2024 to $2.9 million in Q1 2025, with further reductions in personnel expenses and other administrative costs.
High Engagement with New Clinical Sites
Added 3 new sites with 5 more expected by mid-year, all fitting the new target profile, enhancing engagement and efficiency in contracting.