Inovio estimates its cash runway to extend into the second quarter of 2025. This projection includes an operational net cash burn estimate of approximately $26M for the first quarter of 2024. This amount excludes the repayment of $17M in remaining principal and accrued interest on convertible senior notes that matured on March 1, 2024. Including the repayment, the total net cash burn for the first quarter of 2024 is expected to be approximately $43M. These cash runway projections do not include any funds that may be raised through the company’s existing at-the-market program or other capital-raising activities.
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