I-Mab's Cash And Cash Equivalents, And Short-term Investments As Of June 30, 2024 Of 207.5M, With Cash Runway Expected Into 2027
Portfolio Pulse from Benzinga Newsdesk
I-Mab reported cash and cash equivalents, and short-term investments totaling $207.5 million as of June 30, 2024. The company expects this cash runway to last until 2027.
August 28, 2024 | 11:31 am
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I-Mab has reported $207.5 million in cash and short-term investments as of mid-2024, with a cash runway projected to last until 2027. This financial position suggests stability and the ability to fund operations for the next few years.
The reported cash and investments provide a strong financial base for I-Mab, indicating that the company is well-positioned to continue its operations without immediate financial distress. This is likely to be viewed positively by investors, as it reduces the risk of dilution or financial instability.
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