Akero's Cash, Cash Equivalents, And Short-term And Long-term Marketable Securities Of $658.9M Is Expected To Be Sufficient To Fund Its Current Operating Plan Into 2026
Portfolio Pulse from Benzinga Newsdesk
Akero Therapeutics (AKRO) has reported cash, cash equivalents, and short-term and long-term marketable securities of $658.9M. This is expected to be sufficient to fund its current operating plan into 2026.
August 11, 2023 | 10:06 am
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Akero Therapeutics has a strong financial position with $658.9M in cash and securities, which is expected to fund its operations until 2026.
The news directly pertains to Akero Therapeutics and its financial position. The company's strong cash and securities position is a positive indicator for its financial stability and operational continuity, which is likely to have a positive impact on its stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100