Brief: Ultimovacs Sees Cash Burn Rate of About NOK 15 Mln/Quarter Towards End-2025

Zelluna ASA

07/05/2024 06:12

May 7 (Reuters) - Ultimovacs ASA  ULTI.OL :
    * NEGATIVE INITIUM RESULTS HAVE HAD IMPORTANT CONSEQUENCES FOR COMPANY
    * IMPLEMENTED CASH PRESERVATION INITIATIVES EXTENDS ANTICIPATED FINANCIAL RUNWAY TO Q4 OF
2025,
BEYOND ANTICIPATED TOPLINE READOUT OF FOCUS AND DOVACC TRIALS
    * WE ARE LOOKING FORWARD TO FORTHCOMING RESULTS FROM NEXT PHASE II TRIAL FOR UV1, FOCUS IN
HEAD
AND NECK CANCER, EXPECTED IN Q3 - CEO
    * BASED ON CURRENT PLANS AND FORECAST, CASH BURN RATE IS ESTIMATED TO BE APPROXIMATELY 15
MNOK PER
QUARTER TOWARDS END OF 2025

Source text for Eikon:  ID:nGNE5vvSSp 
Further company coverage:  ULTI.OL 

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