Portage Biotech Inc (PRTG) has released an update.
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Portage Biotech Inc. has reported a significant decrease in net loss for the fiscal quarter ended June 30, 2024, with a reduction from $4.2 million to $1.7 million compared to the same period last year, reflecting lower research and development costs due to paused clinical trials. The company is actively seeking strategic alternatives to enhance shareholder value, which may include partnerships, sales, mergers, or finanical restructuring. Despite discontinuing certain program trials, Portage remains committed to advancing its immuno-oncology portfolio and clinical collaborations to improve cancer patient outcomes.
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