Elutia Inc raises $26 million in non-dilutive funding amid widening quarterly loss in September
ELUT Elutia Inc
$0.92 -1.38%
View chart & analysis → - 1Elutia Inc recorded a loss of $0.14 per share for the September quarter.
- 2Elutia Inc raised $26 million in funding without issuing new shares.
- 3Flagship product NXT-41x passed GLP animal studies and is proceeding with an FDA approval application this quarter.
So what's the key point?
Elutia Inc reported a larger loss in the September quarter. However, the company raised $26 million without issuing new stock and is preparing for product approval processes.
Source Earnings Whispers +1 · View original ↗
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