UK's short-acting psychedelics developer Small Pharma (OTCQB:DMTTF) published its financial results for the fiscal first quarter ended May 31, 2023: Cash on hand as of May 31 was approx. $9.9 (CA$13.2) million, an almost 30% quarterly outflow as compared to the $14 million held on Feb. 28, 2023. Cash used in operating activities was $4.3 million for the three months ended May 31, 2023 as compared to the $4.8 million used in the same period in 2022. Quarterly operating expenses totaled $4.3 million as compared to $4.4 million during the same period in 2022. R&D expenses for the quarter amounted to $1.9 million vs. $1.6 million in the same period in 2022. Net
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Small Pharma's Q1 2024: Revamping Strategy And Potential Fast-Tracked Clinical Trial
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