Seneca Biopharma Reports 2020 First Quarter Results
Seneca Biopharma, Inc. (SNCA)
Company Research
Source: PR Newswire
GERMANTOWN, Md., May 15, 2020 /PRNewswire/ -- Seneca Biopharma, Inc. (Nasdaq: SNCA), a biopharmaceutical company focused on developing novel treatments for diseases of high unmet medical need, today reported its financial results for the quarter ended March 31, 2020.Business Highlights for 2020 to date. During the First Quarter of 2020, the Company achieved the following business milestones:Continued progress on the Company's out-licensing effort to partner NSI-566 and NSI-189 programs, while seeking to in-license or acquire novel therapeutics that could benefit from its development experience. Completion of an inducement offering resulting in net proceeds of $6.7 million. Appointed of Matthew W. Kalnik, Ph.D. as President and Chief Operating Officer and Dane R. Saglio as Chief Financial Officer. Affirmed guidance that data readout from the Company's non-GCP Phase II trial evaluating NSI-566, for the treatment of chronic ischemic stroke, is expected during the second half of 2020. Ann
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