Abivax SA Sponsored ADR (ABVX) has released an update.
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Abivax SA reports a significant increase in its first-half 2024 operating loss to EUR 80.0M, driven by higher research and development costs for its Ulcerative Colitis clinical program and an expansion of personnel. Despite a EUR 4.5M rise in operating income, the company’s net loss grew by EUR 29.6M, and its cash position decreased to EUR 222.3M, with a cash runway extending into Q4 2025. The financials reflect the company’s strategic investments in its clinical trials and preparations for the future commercialization in the U.S.
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