Financial PerformanceReviva reported a net loss of ($7.9M) and ended the period with $6.2M in cash on the balance sheet.
Funding And Capital NeedsThe company has postponed the initiation of its second Phase 3 study, likely due to funding constraints.
Risks And ChallengesRisks include, but are not limited to: inability to complete pivotal development of brilaroxazine in schizophrenia in a timely manner, negative top-line data from the confirmatory pivotal trial of brilaroxazine in schizophrenia, failure to obtain approval of brilaroxazine in schizophrenia, failure to establish a commercial partnership to effectively market brilaroxazine globally, slower-than-anticipated adoption of brilaroxazine due to competitive landscape changes, availability of cheaper generic agents or other factors, and near-term dilution risk.