Portage Biotech Inc (PRTG) has released an update.
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Portage Biotech Inc. reported a significant reduction in net loss to $1.4 million for the fiscal quarter ending September 30, 2024, compared to the previous year’s $5.2 million. This improvement is attributed to decreased R&D and operating expenses, as the company pauses its ADPORT-601 trial due to financial constraints. Portage is exploring strategic alternatives, including partnerships or mergers, to enhance shareholder value.
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