As of March 31, 2023, Affimed's Cash & Cash Equivalents Were €155.8M, Expected To Provide Cash Runway Into 2025
Portfolio Pulse from Benzinga Newsdesk
Affimed's cash and cash equivalents stood at €155.8 million as of March 31, 2023, providing the company with a cash runway into 2025.
May 23, 2023 | 10:35 am
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Affimed's strong cash position of €155.8 million as of March 31, 2023, is expected to provide a cash runway into 2025.
Affimed's cash and cash equivalents of €155.8 million indicate a strong financial position for the company. This provides a cash runway into 2025, allowing the company to continue operations and invest in growth opportunities without immediate concerns about liquidity. This positive news is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100