Here's Why We're Watching Eledon Pharmaceuticals' (NASDAQ:ELDN) Cash Burn Situation
Eledon Pharmaceuticals (NASDAQ:ELDN) reported a March 2026 balance sheet (May 2026) with $111m cash and no debt. The company’s cash burn was $69m over the prior year, implying about a 19-month runway. It recorded no revenue and cash burn rose 26%. Cash burn equals about 24% of its $289m market cap.



