Having an approved and marketed drug is not enough to keep a biopharmaceutical company alive in the current financing environment in which stock prices are down and public offerings are not viable fundraising options for many firms. Impel Pharmaceuticals, Inc., with an acute migraine treatment on the market, is a prime example of a drug maker struggling to stay afloat.
Impel disclosed in a 15 August filing with the US Securities and Exchange Commission (SEC) that it does not have the resources to file its second quarter financial statement in a timely manner
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