CureVac's Cash And Cash Equivalents Position Of €300.2M As Of March 31, 2024; Reaffirming Cash Runway Into Fourth Quarter Of 2025
Portfolio Pulse from Benzinga Newsdesk
CureVac has reported a cash and cash equivalents position of €300.2 million as of March 31, 2024, and has reaffirmed its cash runway into the fourth quarter of 2025.
May 23, 2024 | 11:13 am
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CureVac has reported a strong cash position of €300.2 million as of March 31, 2024, and has reaffirmed its cash runway into the fourth quarter of 2025. This indicates financial stability and reduces immediate liquidity concerns.
The strong cash position and extended cash runway reduce immediate liquidity concerns, which is positive for investor confidence and may lead to a short-term increase in stock price.
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