Inventiva Estimates That Its Cash, Cash Equivalents And Deposits Will Allow The Co To Fund Its Operations As Planned Through H2 Of July 2024; Estimates That, As Of May 31, 2024, Cash And Cash Equivalents Were €9.6 Million
Portfolio Pulse from Benzinga Newsdesk
Inventiva estimates that its cash, cash equivalents, and deposits will fund its operations through the second half of July 2024. As of May 31, 2024, the company had €9.6 million in cash and cash equivalents.
July 05, 2024 | 8:02 pm
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Inventiva estimates its cash reserves will fund operations through July 2024, with €9.6 million in cash as of May 31, 2024. This indicates a stable financial position in the short term.
The company's projection of sufficient cash reserves to fund operations through July 2024 suggests financial stability, which is likely to positively impact investor sentiment and the stock price in the short term.
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RELEVANCE 100