Syros' Cash, Cash Equivalents And Marketable Securities As Of June 30, 2024, Were $79M, Which Is Expected To Fund Its Anticipated Operating Expenses And Capital Expenditure Requirements Into The Third Quarter Of 2025
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Syros Pharmaceuticals reported having $79 million in cash, cash equivalents, and marketable securities as of June 30, 2024. This amount is expected to cover its operating expenses and capital expenditure requirements into the third quarter of 2025.
July 31, 2024 | 11:32 am
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Syros Pharmaceuticals has $79 million in cash, cash equivalents, and marketable securities as of June 30, 2024, which is expected to fund its operations into Q3 2025.
The reported cash position of $79 million provides a strong financial foundation for Syros Pharmaceuticals, ensuring that it can meet its operating expenses and capital expenditure requirements into the third quarter of 2025. This financial stability is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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IMPORTANCE 80
RELEVANCE 100