Polyrizon Ltd. (Nasdaq: PLRZ) announced that its Board of Directors has authorized a new strategic initiative to explore revenue‑generating real‑asset opportunities. The move is intended to leverage the company’s strong cash position and debt‑free balance sheet while the company continues to advance its intranasal hydrogel platform, including PL‑14, PL‑16 and the Trap & Target drug‑delivery technology.
The board emphasized that the real‑asset strategy is a parallel effort and will not divert resources from the medical‑device pipeline. Polyrizon will evaluate potential investments that can generate cash flow and create additional shareholder value, while maintaining full focus on regulatory progress and clinical development of its nasal‑spray products.
Polyrizon’s financial profile provides context for the diversification plan. Cash and cash equivalents rose to $15.8 million at June 30 2025 from $2.6 million at December 2024, giving the company a robust liquidity cushion. The company remains debt‑free, but its free cash flow was negative $2.6 million over the last twelve months, indicating a burn rate that will need to be managed as new assets are pursued.
The company’s core pipeline remains a priority. PL‑14, an allergy‑blocking nasal spray, completed a pre‑submission meeting with the FDA, and PL‑16, a viral‑blocking nasal spray, is advancing through preclinical studies. The Trap & Target platform, which delivers drugs intranasally, has achieved a manufacturing up‑scaling milestone and is poised for clinical testing.
Market reaction to the announcement was positive, with the stock rising 6.9 % in after‑hours trading. Analysts noted that the diversification strategy, supported by Polyrizon’s cash reserves and lack of debt, was viewed as a prudent move to enhance shareholder value without compromising the company’s core development agenda.
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