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Talis Biomedical Corp - TLIS STOCK NEWS

Welcome to our dedicated page for Talis Biomedical news (Ticker: TLIS), a resource for investors and traders seeking the latest updates and insights on Talis Biomedical stock.

Talis Biomedical Corporation (Nasdaq: TLIS) delivers innovative molecular diagnostics through its Talis One® System, enabling rapid point-of-care testing for infectious diseases. This dedicated news hub provides investors and healthcare professionals with essential updates on financial developments, regulatory milestones, and technological advancements.

Access timely updates on strategic initiatives including Nasdaq compliance efforts, product pipeline expansions, and financial restructuring. Track announcements about the Talis One® System's evolving test panels and operational efficiency improvements demonstrated through recent cost-saving measures.

Key content categories include earnings reports, leadership updates, regulatory filings, and clinical study results. Stay informed about developments in women's health diagnostics and corporate actions like the completed 1-for-15 reverse stock split designed to maintain Nasdaq listing compliance.

Bookmark this page for consolidated access to press releases about assay validations, partnership opportunities, and financial strategy updates. Check regularly for new information about Talis Biomedical's progress in transforming point-of-care diagnostics while maintaining fiscal responsibility.

Rhea-AI Summary
Talis Biomedical Corporation (Nasdaq: TLIS) has initiated a process to explore strategic alternatives to maximize shareholder value amidst progress in developing the Talis One® system and current market conditions. The company has appointed a special committee to consider various strategic alternatives, engaged TD Cowen as a financial advisor, and Seyfarth Shaw as a legal advisor. Talis Biomedical is reducing its workforce by approximately 90 percent, consolidating operations to a single site in Chicago, and implementing additional cost-saving measures to lower cash burn. Third Quarter 2023 Financial Results show a decrease in revenue and operating expenses, with a net loss of $15.7 million. Cash and cash equivalents as of September 30, 2023, were $88.0 million.
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Talis Biomedical regains compliance with Nasdaq's minimum bid price requirement.
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Talis Biomedical Corporation (Nasdaq: TLIS) has announced a 1-for-15 reverse stock split of its common stock. The split is intended to increase the per share market price and regain compliance with Nasdaq's minimum bid price requirement. The company's common stock will trade on Nasdaq under the symbol 'TLIS' with a new CUSIP number. The reverse stock split will combine 15 shares into one new share, resulting in approximately 1.8 million issued and outstanding shares.
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Talis Biomedical announces business update and financial results for Q1 2023. They have established the ability to manufacture cartridges and instruments at scale. They have prioritized the development of four test panels for women's and sexual health. They have received feedback from the FDA on pre-submissions for respiratory and CT/NG/TV test panels. They have improved net cash used in operating activities by 62% year-over-year. Revenue for Q1 2023 was $1.2 million, compared to $3.2 million in Q1 2022. Operating expenses decreased from $36.2 million to $20.2 million. Net loss for Q1 2023 was $17.8 million. Unrestricted cash and cash equivalents as of March 31, 2023, were $113.0 million.
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Talis Biomedical Corporation will provide a business update and financial results on May 11, 2023, after market close. The live webcast of the event can be accessed through the investor section of Talis Biomedical's website.
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Talis Biomedical Corp

Nasdaq:TLIS

TLIS Rankings

TLIS Stock Data

15.89M
1.67M
8.31%
28.33%
0.99%
Medical Devices
Laboratory Analytical Instruments
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United States
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