Aeterna Zentaris Inc. (TSE:AEZS) has released an update.
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Aeterna Zentaris Inc. reported a strong cash position of $29.5 million at the end of the first quarter of 2024, despite a net loss increase primarily due to decreased revenues and higher merger-related expenses. The company completed recruitment for its DETECT-trial and anticipates trial completion and data release in 2024, alongside the expected closure of an all-stock merger with Ceapro Inc. in the second quarter. These developments mark an exciting period for Aeterna as it continues to advance its pharmaceutical and diagnostic products portfolio.
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