REGENXBIO Expects Its Balance In Cash & Equivalents Of $314.1M As Of December 31, 2023 To Fund Its Operations Into H2 Of 2025
Portfolio Pulse from Benzinga Newsdesk
REGENXBIO announced its expectation that its balance in cash and equivalents, amounting to $314.1 million as of December 31, 2023, will be sufficient to fund its operations into the second half of 2025.
February 27, 2024 | 9:49 pm
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REGENXBIO expects its cash and equivalents of $314.1M as of December 31, 2023, to fund operations into H2 2025.
The announcement by REGENXBIO regarding its financial stability and the sufficiency of its cash reserves to fund operations well into the future is likely to instill confidence among investors. This positive outlook on the company's financial health could lead to an optimistic sentiment in the short term, potentially driving the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100