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DiaMedica Therapeutics Inc. (Nasdaq: DMAC) provided a business update and financial results for Q1 2024, reporting $46.5 million cash with runway to 2026. They dosed the first patient in the ReMEDy2 Stroke Trial, with a projected enrollment completion by Q1 2025. The company expanded its clinical operations team to support global expansion. Financially, R&D expenses increased, but G&A expenses remained steady. DiaMedica held a conference call to discuss these updates and financial results.
DiaMedica Therapeutics Inc. (Nasdaq: DMAC) will release its first quarter 2024 financial results on May 8th, followed by a business update and live conference call on May 9th. The company focuses on developing recombinant KLK1 (DM199) for acute ischemic stroke treatment.