Intellia Therapeutics Cash, Cash Equivalents And Marketable Securities Were $939.9M As Of June 30, 2024 Of $939.9M Is Expected To Fund Operations Into Late 2026
Portfolio Pulse from Benzinga Newsdesk
Intellia Therapeutics reported having $939.9 million in cash, cash equivalents, and marketable securities as of June 30, 2024. This amount is expected to fund the company's operations into late 2026.
August 08, 2024 | 11:39 am
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Intellia Therapeutics has $939.9 million in cash, cash equivalents, and marketable securities as of June 30, 2024, which is expected to fund operations into late 2026.
The substantial cash reserves and the projection that these funds will support operations into late 2026 provide a strong financial foundation for Intellia Therapeutics. This 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