Galera Reports Third Quarter 2023 Financial Results and Recent Corporate Updates
MALVERN, Pa., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Galera Therapeutics, Inc. (Nasdaq: GRTX), a clinical-stage biopharmaceutical company focused on developing a pipeline of novel, proprietary therapeutics that have the potential to transform radiotherapy in cancer, today announced financial results for the third quarter ended September 30, 2023 and provided recent corporate updates.
- The Company is exploring potential strategic alternatives, as it is not feasible to conduct an additional trial with the Company’s current resources.
- Research and development expenses were $6.1 million in the third quarter of 2023, compared to $8.1 million for the same period in 2022.
- General and administrative expenses were $5.0 million in the third quarter of 2023, compared to $4.9 million for the same period in 2022.
- As of September 30, 2023, Galera had cash, cash equivalents and short-term investments of $28.4 million.