As of September 30, 2024, Instil had cash, cash equivalents, marketable securities and long-term investments of $122.9 million, which consisted of $6.7 million in cash and cash equivalents, $113.7 million in marketable securities, and $2.6 million in long-term investments, compared to $175.0 million in cash, cash equivalents, marketable securities and long-term investments as of December 31, 2023, consisting of $9.2 million in cash and cash equivalents, $1.5 million in restricted cash, $141.2 million in marketable securities, and $23.2 million in long-term investments. Instil expects that its cash, cash equivalents, marketable securities and long-term investments as of September 30, 2024 will enable it to fund its operating plan beyond 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TIL:
- Instil Bio initiated with a Market Perform at JMP Securities
- Baird positive on Instil Bio’s SYN-2510 development strategy
- Instil Bio Outlines Oncology Strategy and Collaborative Efforts
- Instil Bio price target raised to $120 from $40 at H.C. Wainwright
- Instil Bio, ImmuneOnco announce registrational strategy for SYN-2510/IMM2510