Quoin Pharmaceuticals Had Approximately $12.6M In Cash, Cash Equivalents And Marketable Securities As Of June 30, 2024, Which Is Expected To Fund The Company's Operations Into Late 2025
Portfolio Pulse from Benzinga Newsdesk
Quoin Pharmaceuticals reported having approximately $12.6 million in cash, cash equivalents, and marketable securities as of June 30, 2024. This funding is expected to support the company's operations into late 2025.
August 08, 2024 | 12:33 pm
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Quoin Pharmaceuticals has $12.6 million in cash and marketable securities as of June 30, 2024, which is expected to fund operations into late 2025.
The availability of $12.6 million in cash and marketable securities provides financial stability for Quoin Pharmaceuticals, ensuring operational continuity into late 2025. This is a positive indicator for investors, suggesting the company has sufficient liquidity to support its activities and potentially avoid the need for immediate additional funding.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100