For 2024 argenx Expects To Spend Less Than $2B On Expenses And Under $500M In Net Cash For Operations
Portfolio Pulse from Benzinga Newsdesk
argenx has provided financial guidance for 2024, expecting to spend less than $2 billion on combined R&D and SG&A expenses, and to utilize less than $500 million in net cash for operations.
July 25, 2024 | 5:13 am
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argenx has updated its financial guidance for 2024, projecting less than $2 billion in combined R&D and SG&A expenses, and less than $500 million in net cash utilization for operations.
The updated financial guidance indicates a controlled expense and cash burn strategy, which is likely to be viewed positively by investors. This could lead to a short-term positive impact on the stock price.
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