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Bright Minds Biosciences Reports Improved Financial Position For Q3 Amid Ongoing R&D Efforts
Bright Minds Biosciences Inc. (NASDAQ:DRUG) has released its Management’s Discussion and Analysis (MD&A) for the third quarter ending June 30, 2024, showcasing a substantial reduction in net losses as the company advances its research and development (R&D) initiatives.
Q3 2024 Fnancial Highlights
· Net Loss Reduction: Bright Minds Biosciences reported a net loss of $1.8 million for the nine months ending June 30, 2024, significantly improved from the $5.8 million loss during the same period in 2023. This reduction is largely attributed to the timing of program starts and completions within their drug portfolio.
· Cash Reserves: As of June 30, 2024, ...