GRI Bio raises $14.5 mln to fund operations into Q1 2027

GRI Bio

04/02/2026 13:56

Overview

Biotechnology company raised $14.5 mln in gross proceeds to fund operations into Q1 2027

Company announced positive Phase 2a data for GRI-0621 in idiopathic pulmonary fibrosis

Cash position expected to fund operations into Q1 2027

Outlook

Company expects cash to fund operations into Q1 2027

GRI Bio advancing GRI-0621 in idiopathic pulmonary fibrosis

Company progressing GRI-0803 toward IND-enabling studies

Result Drivers

PHASE 2A DATA - Positive Phase 2a topline data for GRI-0621 in idiopathic pulmonary fibrosis reinforced clinical proof-of-concept

CASH POSITION - Raised $14.5 mln in gross proceeds to support operations into Q1 2027

PIPELINE ADVANCEMENT - GRI-0803 advancing through IND-enabling activities for autoimmune indications

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
-$12 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for GRI Bio Inc is $644.00, about 24,669.2% above its February 3 closing price of $2.60

Press Release: ID:nGNX96wjD4

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)