Synlogic Q2 Cash And Equivalents of $46.3M, To Have Sufficient Cash To Be Able To Fund Operations Further Into The Second Half Of 2024
Portfolio Pulse from Benzinga Newsdesk
Synlogic reported Q2 cash and equivalents of $46.3M. Based on its current operating plan and balance sheet, the company expects to have sufficient cash to fund operations into the second half of 2024.
August 10, 2023 | 10:54 am
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Synlogic's Q2 cash and equivalents of $46.3M indicate a strong financial position. The company expects to fund operations into H2 2024.
The news directly pertains to Synlogic's financial health. The company's strong cash position indicates its ability to fund operations well into 2024, which is a positive sign for investors. This could potentially lead to a positive impact on the company's stock price in the short term.
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