Precision BioSciences Had Approximately $123.6M In Cash And Cash Equivalents As Of June 30, With Cash Runway Expected Into The Second Half Of 2026
Portfolio Pulse from Benzinga Newsdesk
Precision BioSciences reported having approximately $123.6 million in cash and cash equivalents as of June 30, with a cash runway expected to last into the second half of 2026.
August 01, 2024 | 12:03 pm
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POSITIVE IMPACT
Precision BioSciences has $123.6 million in cash and cash equivalents as of June 30, with a cash runway expected to last into the second half of 2026. This strong cash position provides financial stability and reduces short-term liquidity risks.
The substantial cash reserves and extended runway into the second half of 2026 indicate strong financial health for Precision BioSciences. This reduces short-term liquidity risks and provides a stable foundation for ongoing operations and potential growth, likely leading to positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100