InflaRx's Cash, Cash Equivalents And Marketable Securities Of €74.6M Is Expected To Fund Operations Into 2026
Portfolio Pulse from Benzinga Newsdesk
InflaRx has reported that its cash, cash equivalents, and marketable securities total €74.6 million, which is expected to fund its operations into 2026.
August 08, 2024 | 11:36 am
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POSITIVE IMPACT
InflaRx has €74.6 million in cash, cash equivalents, and marketable securities, which is expected to fund its operations into 2026. This strong cash position provides financial stability and reduces the risk of near-term dilution.
The strong cash position of €74.6 million ensures that InflaRx can fund its operations into 2026, providing financial stability and reducing the risk of near-term dilution. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100