As Of June 30, 2024, Phathom Pharmaceuticals' Cash And Cash Equivalents Were $276.2M, The Company Believes It Will Have Sufficient Capital To Fund Operations Through The End Of 2026
Portfolio Pulse from Benzinga Newsdesk
Phathom Pharmaceuticals reported having $276.2 million in cash and cash equivalents as of June 30, 2024. The company believes this capital will be sufficient to fund its operations through the end of 2026.
August 08, 2024 | 12:07 pm
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Phathom Pharmaceuticals has $276.2 million in cash and cash equivalents as of June 30, 2024, and expects this to fund operations through the end of 2026.
The substantial cash reserves and the company's confidence in funding operations through 2026 are positive indicators for investors, suggesting financial stability and reduced risk of capital shortfall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100