Plus Therapeutics Says The Award Payment Of $3.3M Together With Its Cash On Hand Provides Sufficient Runway To Fund Operations To 2H 2025
Portfolio Pulse from Benzinga Newsdesk
Plus Therapeutics announced receiving an award payment of $3.3M, which, along with its existing cash, is expected to fund operations until the second half of 2025. The company also anticipates an additional $6.9 million in grant revenue in 2024.

December 18, 2023 | 12:21 pm
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Plus Therapeutics has secured a financial award of $3.3M, which, combined with its current cash reserves, will enable the company to sustain operations until the second half of 2025. Additionally, the company forecasts $6.9 million in grant revenue for 2024.
The news of securing a significant award payment and the anticipation of additional grant revenue are positive indicators of financial stability for Plus Therapeutics. This is likely to instill investor confidence in the company's ability to continue operations without the immediate need for additional financing, which can be dilutive to current shareholders. The positive financial outlook may lead to a short-term increase in the stock price.
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