Shield Therapeutics (GB:STX) has released an update.
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Shield Therapeutics reports significant growth in Q3 2024, with ACCRUFeR® net revenues reaching $7.2 million, a notable increase driven by prescription demand in the US. The company is strengthening its financial position by expanding accounts receivable financing to $15 million and implementing a 10% cost-saving plan. Additionally, Shield is in discussions with AOP Health for a potential $10 million equity investment to support its goal of achieving positive cash flow by the end of 2025.
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