Processa net loss narrows to $3.27 million in Q2 2026

PCSA•2026-08-14

Processa posted a net loss of USD 3.27 million for the quarter ended June 30, 2026, narrowing from USD 3.93 million.
Operating loss improved to USD 2.34 million from USD 3.95 million, while revenue remained at no revenue.
Research and development expense fell to USD 649,877 from USD 2.45 million, due to lower NGC-Cap Phase 2 trial costs.
General and administrative expense rose to USD 1.69 million from USD 1.5 million, driven mainly by higher professional fees.
July brought the Vidya acquisition and a USD 200 million gross private placement, with USD 183.3 million net to fund operations into 2H 2029.

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