Good to see an expected date for first patient enrolment.
18month timeframe is a long runway though, however the sales trajectory of TR PRO+ and the added launch in 2025 with the additional indications could prove to be a solid revenue generator to mitigate the need for additional capital. Phase 3 trials are expensive so the risk now is funding for Phase 3 activities. Ramp of of sales reps and territory managers will eat more of the cash on hand, how quickly can they scale TR PRO+ is the million dollar question.
For now I have taken a profit and exited my position after holding for 12months, will look for re-entry closer to Phase3 read out dates. Good luck guys.
TRP Price at posting:
38.0¢ Sentiment: Hold Disclosure: Not Held
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