As of December 31, 2023, the Company had cash and cash equivalents of approximately $1.8 million. Subsequent to year end, in February 2024 the Company closed a public offering with participation from healthcare focused institutional investors for aggregate gross proceeds of $5.5 million. Based on the Company’s current operating plan, the Company believes that its existing cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements into the third quarter of 2024
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