As Of March 31, 2024, Palatin's Cash, Cash Equivalents And Marketable Securities Were $10M Expected To Provide Cash Runway Into Second Half Of Calendar Year 2024
Portfolio Pulse from Benzinga Newsdesk
As of March 31, 2024, Palatin Technologies reported having $10 million in cash, cash equivalents, and marketable securities, which is expected to provide a cash runway into the second half of the calendar year 2024.
May 15, 2024 | 11:39 am
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Palatin Technologies has $10 million in cash, cash equivalents, and marketable securities as of March 31, 2024, which is expected to sustain operations into the second half of 2024.
The reported cash position of $10 million provides a clear indication of financial stability for Palatin Technologies, ensuring that the company can sustain its operations into the second half of 2024. This is a positive signal for investors, suggesting that the company is not at immediate risk of liquidity issues.
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