The incoming new management team at Trellus has acted swiftly to reduce cash burn, extending the runway to early 2025. The company is now transitioning to a revenue-generating business, with the first paying members enrolled post-period end and multiple near term commercial opportunities across its D2C and B2B2C offerings in the advanced stages of finalisation. These should unlock access to substantial patient populations, accelerating adoption of the platform, commercialisation and, ultimately, ....
30 Sep 2022
Cash runway extended, multiple near term opps
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Cash runway extended, multiple near term opps
Trellus Health PLC (TRLS:LON) | 2.2 0 0.0% | Mkt Cap: 3.63m
- Published:
30 Sep 2022 -
Author:
Chris Glasper -
Pages:
4
The incoming new management team at Trellus has acted swiftly to reduce cash burn, extending the runway to early 2025. The company is now transitioning to a revenue-generating business, with the first paying members enrolled post-period end and multiple near term commercial opportunities across its D2C and B2B2C offerings in the advanced stages of finalisation. These should unlock access to substantial patient populations, accelerating adoption of the platform, commercialisation and, ultimately, ....