Cash PositionITeos has a strong cash position of $624 million and a lean research and development spending outlook, attracting activist-leaning investors.
Financial PerformanceBy taking the decision to wind down operations, iTeos Therapeutics is leveraging its strong cash position to return as much value as possible to shareholders.
Stock MovementInvestors reacted positively to the news of belrestotug’s termination, with the stock showing an increase, likely due to the announcement of a strategic review to maximize shareholder value.