As Of June 30, 2024, Affimed's Cash, Cash Equivalents And Investments Were €34.4M. Based On Operating And Financial Plans Cash-runway Projected Into H2 2025.
Portfolio Pulse from Benzinga Newsdesk
Affimed reported having €34.4 million in cash, cash equivalents, and investments as of June 30, 2024. The company projects its cash runway to extend into the second half of 2025 based on its current operating and financial plans.
September 05, 2024 | 10:36 am
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Affimed has €34.4 million in cash and investments, with a cash runway projected into H2 2025, indicating financial stability in the short term.
The report of €34.4 million in cash and investments, along with a projected cash runway into the second half of 2025, suggests that Affimed is financially stable in the short term. This is likely to be viewed positively by investors, as it indicates the company has sufficient resources to continue its operations without immediate need for additional funding.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100