In Q2 Curasight reported DKK 12.5m cash burn and DKK 8.3m in cash remaining. The second tranche of the loan facility will be released once the prospectus for the warrants is out and should be sufficient to fund operations to end-2024, before funds from the warrants. We consider the development plan to be ambitious and sound. Start of the ph1/2a proof-of-concept study in H1/25 will be the next trigger, but the eventual readout itself is the key event.

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