Belite Bio, Inc. ADR (BLTE) has released an update.
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Belite Bio, Inc. has reported promising results from its Phase 2 trial for Tinlarebant, showing potential to slow progression in degenerative retinal diseases like Stargardt Disease and Dry AMD. The company has initiated further Phase 3 trials, DRAGON and PHOENIX, to confirm these findings. Additionally, Belite Bio successfully raised $25 million in a registered direct offering to support its ongoing clinical programs.
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