Entrada Therapeutics' Cash Runway Expected Into 2027 With $470M In Cash, Cash Equivalents, And Marketable Securities As Of June 30
Portfolio Pulse from Benzinga Newsdesk
Entrada Therapeutics has announced that it has $470 million in cash, cash equivalents, and marketable securities as of June 30, which is expected to sustain the company’s operations until 2027.
August 13, 2024 | 11:20 am
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Entrada Therapeutics has $470 million in cash, cash equivalents, and marketable securities as of June 30, which is expected to sustain the company’s operations until 2027.
The substantial cash reserves and the extended runway until 2027 provide financial stability and reduce the risk of dilution or financial distress, which is positive for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100