RedHill Biopharma (RDHL) has released an update.
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RedHill Biopharma has reported a promising first half of 2024, focusing on a financially de-risked pipeline targeting key health areas such as oncology, viral pandemic preparedness, and diabetes/obesity. The company has streamlined operations, including a more efficient U.S. commercial organization, while building value in research and development through new studies and partnerships. Financially, RedHill strengthened its cash balance to $8.2 million, despite a dip in net revenues due to strategic cost reductions and the termination of certain commercial activities.
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