Debt PositionThe company reported a cash balance of $171.4M as of Dec. 31 and maintains a net debt to total capital ratio of 0%.
Financial PerformanceThe company has approximately $159.5 million in cash and equivalents and has made significant reductions in operating expenses, positioning it to streamline its platform for future steps.
Vaccine DevelopmentThe norovirus opportunity remains tangible, with the potential to prevent moderate-to-severe acute gastroenteritis caused by norovirus infection, which results in significant global deaths annually.