NANOBIOTIX Expects Cash And Equivalents Of €66.3M As Of June-End, To Now Fund Operations Into Q4 2025, Compared To Q3 2025 In Prior Guidance
Portfolio Pulse from Benzinga Newsdesk
Nanobiotix has updated its financial guidance, expecting cash and equivalents of €66.3 million by the end of June, which will now fund operations into Q4 2025, extending from the previous guidance of Q3 2025.
September 18, 2024 | 8:21 pm
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Nanobiotix has improved its financial outlook, expecting to have €66.3 million in cash by June-end, which extends its operational funding into Q4 2025, compared to the previous guidance of Q3 2025.
The extension of operational funding into Q4 2025 from Q3 2025 indicates a stronger financial position than previously expected. This positive update is likely to boost investor confidence and potentially lead to a short-term increase in the stock price.
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IMPORTANCE 80
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