89bio Reports Fourth Quarter and Full Year 2024 Financial Results and Corporate Updates
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89bio, Inc. (Nasdaq: ETNB) reported its Q4 and full-year 2024 financial results, highlighting progress in its Phase 3 trials for MASH and SHTG. The company has $440 million in cash and raised $287.5 million in a follow-on offering.
February 27, 2025 | 9:15 pm
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89bio reported financial results for Q4 and FY 2024, with significant cash reserves and a successful follow-on offering. Phase 3 trials for MASH and SHTG are progressing, with key data expected in 2026-2028.
The financial results show a strong cash position and successful capital raising, which supports ongoing trials. The progress in Phase 3 trials is crucial for future growth, making the news positive for ETNB's stock.
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