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Stock impact report

InflaRx Reports Q3 2024 Financial Results and Progress [Yahoo! Finance]

InflaRx N.V. (IFRX) 
Last inflarx n.v. earnings: 8/14 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
InflaRx N.V. is a biopharmaceutical company focused on developing anti-inflammatory therapeutics, particularly targeting the complement system, with its lead product candidate being vilobelimab. The company recently released its third-quarter 2024 financial results, showcasing significant milestones in their clinical trials and ongoing financial stability. Key highlights from InflaRx's report include the achievement of patient recruitment milestones in its Phase 3 vilobelimab trial for pyoderma gangrenosum and the continued progress in their drug pipeline with the anticipated start of a Phase 2a trial for INF904 by the end of 2024. Financially, InflaRx reported a net loss of €41.0 million for the first nine months of 2024, attributed primarily to a decrease in other income from government grants that ended in mid-2023. Despite this, the company maintains strong liquidity with €62.0 million in cash and marketable securities, expected to fund operations into 2026. Looking forward, Infl Show less Read more
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