Cabaletta Bio Expects That Its Cash, Cash Equivalents And Short-term Investments Of $223.8M As Of March 31, 2024, Will Enable It To Fund Its Operating Plan Into The First Half Of 2026.
Portfolio Pulse from Benzinga Newsdesk
Cabaletta Bio announced that its cash, cash equivalents, and short-term investments totaling $223.8 million as of March 31, 2024, are expected to fund its operating plan into the first half of 2026.
May 15, 2024 | 11:12 am
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Cabaletta Bio has announced that its cash, cash equivalents, and short-term investments of $223.8 million as of March 31, 2024, will enable it to fund its operating plan into the first half of 2026. This indicates strong financial health and reduces the risk of near-term capital raises.
The announcement of sufficient funding into the first half of 2026 suggests that Cabaletta Bio is in a strong financial position, which is likely to be viewed positively by investors. This reduces the risk of dilution from potential capital raises in the near term.
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