Ceapro Inc. Reports Financial Results for First Quarter 2024 and Provides Corporate Update
EDMONTON, Alberta, May 29, 2024 (GLOBE NEWSWIRE) -- Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, today announced financial results and operational highlights for the first quarter ended March 31, 2024.
- The first arm of the single ascending dose (SAD) phase of the study has been completed.
- 6 groups of 8 subjects per group received doses ranging from 30mg to 960mg per group per day.
- This is the first-in-human clinical study to assess safety, tolerability, and pharmacokinetics of single and multiple ascending oral doses of avenanthramides.
- Financial Highlights for the First Quarter Ended March 31, 2024
Total sales of $2,800,000 for the first quarter of 2024 compared to $3,500,000 for the comparative quarter in 2023.