bluebird bio Provides Update; Sees Prelim. Unaudited Cash And Cash Equivalents ~$275M
Portfolio Pulse from Benzinga Newsdesk
bluebird bio provided an update on its financial status and commercial launch plans for its gene therapies. The company reported approximately $275M in cash and cash equivalents, including restricted cash of about $53M. It anticipates 85 to 105 patient starts in 2024 across its commercial portfolio, with the first patient start for LYFGENIA expected in Q1 2024. bluebird has established agreements covering approximately 200 million U.S. lives and expects its funds to support operations into Q1 2025.
January 08, 2024 | 1:11 pm
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bluebird bio has a strong cash position and is making significant progress with its gene therapy launches, expecting to cover 200 million U.S. lives and anticipating 85 to 105 patient starts in 2024.
The positive update on bluebird bio's financial status, the expected patient starts, and the coverage agreements in place are likely to instill investor confidence and could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100