Arctic Bioscience AS (DE:9TD) has released an update.
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Arctic Bioscience AS reports a significant increase in nutraceutical sales, with year-to-date revenues rising by 16.3% compared to last year, driven by strong growth in Asian and European markets. Despite challenges in meeting the primary endpoint of their HeROPA study due to high placebo rates, the company remains confident in its phospholipid-based technology and expects positive outcomes from the study’s continuation. The company is exploring funding opportunities to achieve a positive cash flow by early 2025.
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