Iterum Therapeutics Q2 Cash, Cash Equivalents And Short-term Investments Were $44.7M Is Expected To Provide Cash Runway Into Q3 2024
Portfolio Pulse from Benzinga Newsdesk
Iterum Therapeutics reported Q2 cash, cash equivalents and short-term investments of $44.7M. This is expected to provide a cash runway into Q3 2024.
August 11, 2023 | 11:04 am
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POSITIVE IMPACT
Iterum Therapeutics' Q2 financial report shows a strong cash position of $44.7M, which is expected to sustain the company into Q3 2024.
The company's strong cash position reduces the risk of financial distress in the short term, which is a positive signal for investors. This could lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100