Centessa Pharmaceuticals Had Cash, Cash Equivalents And Short-Term Investments Of $281.3M As Of Sept. 30
Portfolio Pulse from Benzinga Newsdesk
Centessa Pharmaceuticals reported having $281.3 million in cash, cash equivalents, and short-term investments as of September 30.
November 13, 2023 | 10:15 pm
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Centessa Pharmaceuticals (CNTA) disclosed a strong liquidity position with $281.3 million in cash and short-term investments as of September 30.
The announcement of a substantial cash reserve is generally viewed positively by investors as it indicates financial stability and the potential for future investments or operations without the immediate need for additional financing. This could lead to a short-term positive impact on CNTA's stock price.
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