enGene Remains On Track To Report Preliminary LEGEND Data In September 2024; Cash And Equivalents Of $257.7M Provide Runway Into 2027
Portfolio Pulse from Benzinga Newsdesk
enGene is on track to report preliminary data for its LEGEND study in September 2024. The company has $257.7 million in cash and equivalents, providing financial runway until 2027.
September 10, 2024 | 8:36 pm
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enGene is progressing with its LEGEND study, expecting preliminary data by September 2024. The company has a strong cash position of $257.7 million, ensuring operational stability until 2027.
The announcement of upcoming data for the LEGEND study is a positive development, potentially boosting investor confidence. The substantial cash reserves provide financial stability, reducing risk and supporting ongoing operations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100