Rapport Therapeutics Ended The Quarter With $336.1M In Cash, Cash Equivalents, And Short-term Investments, Excluding Restricted Cash, Which Is Expected To Fund Operations Through The End Of 2026
Portfolio Pulse from Benzinga Newsdesk
Rapport Therapeutics ended the quarter with $336.1 million in cash, cash equivalents, and short-term investments, excluding restricted cash. This funding is expected to support operations through the end of 2026.
August 08, 2024 | 11:58 am
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POSITIVE IMPACT
Rapport Therapeutics has $336.1 million in cash and investments, ensuring operational funding through 2026.
The substantial cash reserve of $336.1 million ensures that Rapport Therapeutics can fund its operations through 2026, which is a positive indicator of financial stability and reduces the risk of liquidity issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100