Globestar Therapeutics Update on Project Amethyst(TM) and Recent Financials [Yahoo! Finance]
GLOBESTAR THERAPEUTICS CO (GSTC)
Company Research
Source: Yahoo! Finance
focused on advancing new therapies for Multiple Sclerosis (MS) and other neurological diseases, including but not limited to Rheumatoid Arthritis (RA), released on March 11, 2024 its fiscal year first quarter financials for the quarter ended 12/31/2023. The Company reported that $42,800 of cash was used in operating activities vs. $39,142 in the prior year's quarter and net loss per share is $0.00 for both periods. Operating expenses increased to $155,871 vs the prior year's quarter of $155,271. GlobeStar is focused on efforts to obtain regulatory approvals for, and then commercialize, Project Amethyst™. Project Amethyst™ is a compound intended to treat neurodegeneration from MS, consisting of a patented custom drug cocktail of Minocycline, Fluconazole, and Atorvastatin. Each of these drugs has been approved by the FDA for separate applications. GSTC is the exclusive worldwide licensee for the all patents and patent applications relating to this compound. GlobeStar is endeavoring
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