TLT: Gross margin rose to 50% and net loss narrowed 14% as R&D spending decreased

Revenue declined 5% year-over-year, but gross margin improved to 50% and net loss narrowed by 14% due to reduced R&D spending. The company completed Phase II study enrollment, achieved a 65.2% complete response rate, and strengthened its cash position with a $3.6M private placement.Original documen…