Black Diamond Therapeutics' Cash, Cash Equivalents, And Investments Of $123M As Of June 30, 2024, Expected To Be Sufficient To Fund Operations Into Q4 Of 2025
Portfolio Pulse from Benzinga Newsdesk
Black Diamond Therapeutics (BDTX) reported having $123 million in cash, cash equivalents, and investments as of June 30, 2024. This amount is expected to be sufficient to fund its operations into the fourth quarter of 2025.
August 06, 2024 | 11:45 am
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Black Diamond Therapeutics (BDTX) has $123 million in cash, cash equivalents, and investments as of June 30, 2024, which is expected to fund operations into Q4 2025.
The news indicates strong financial health for Black Diamond Therapeutics, with sufficient funds to support operations for over a year. This is likely to boost investor confidence and positively impact the stock price in the short term.
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IMPORTANCE 80
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