Precision BioSciences' Q3 Cash Balance Of $122.2M, Expected To Provide Extended Cash Runway Through The End Of 2025
Portfolio Pulse from Benzinga Newsdesk
Precision BioSciences reported a Q3 cash balance of $122.2M, which is expected to provide an extended cash runway through the end of 2025.

November 07, 2023 | 12:19 pm
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Precision BioSciences' strong Q3 cash balance of $122.2M is expected to provide financial stability through 2025.
The reported Q3 cash balance of $122.2M indicates a strong financial position for Precision BioSciences. This is expected to provide an extended cash runway through the end of 2025, reducing financial risk and potentially leading to positive investor sentiment, which could drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100