Redeye provides a research update following the Q4 report published by Cinclus earlier today. While OPEX came in slightly above our estimates, this was offset by stronger-than-expected interest income and working capital effects. Overall, the financials did not contain any major surprises as the company continues to bolster a strong cash position. Importantly, Cinclus provided an update on the pivotal phase III study, stating that recruitment is advancing according to the time plan.
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