IDEAYA Biosciences Cash, Cash Equivalents And Marketable Securities As Of June 30 Of $952.7M Anticipated To Fund Operations Into At Least 2028
Portfolio Pulse from Benzinga Newsdesk
IDEAYA Biosciences reported having $952.7 million in cash, cash equivalents, and marketable securities as of June 30, which is expected to fund its operations until at least 2028.
August 06, 2024 | 10:06 am
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POSITIVE IMPACT
IDEAYA Biosciences has $952.7 million in cash, cash equivalents, and marketable securities as of June 30, which is expected to fund its operations until at least 2028.
The substantial cash reserves and long-term funding security are positive indicators for investors, suggesting financial stability and reduced risk of dilution or financial distress.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100