Capital And FinancingAnalyst maintains a Hold rating due to capital constraints and challenging financing conditions that might limit the ability to complete the ongoing Phase 2 trial.
Stock ComplianceProcessa has received a notice from the NASDAQ exchange indicating that it is not currently in compliance with the minimum bid price requirement due to the low current share price.
Trial Costs And TimelineEnrollment for the interim analysis in the Phase 2 study for PCS6422 has not been completed yet, raising concerns about the costs and timeline required to complete the study.