Brief: Adicet Reports First Quarter 2023 Financial Results And Provides Business Updates

ADICET Bio

09/05/2023 22:20

May 9 (Reuters) - Adicet Bio Inc  ACET.O :
    * ADICET REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS AND
PROVIDES
BUSINESS UPDATES
    * ADICET BIO-ON TRACK TO REPORT ADDITIONAL
EFFICACY,DURABILITY &
SAFETY DATA, PROVIDE REGULATORY UPDATE AND PLAN FOR ADI-001
PIVOTAL PROGRAM IN 2Q 2023
    * CASH AND CASH EQUIVALENTS WERE $231.6 MILLION AS OF MARCH
31,
2023
    * EXPECTS CURRENT CASH AND CASH EQUIVALENTS AS OF MARCH 31,
2023,
WILL BE SUFFICIENT TO FUND OPERATING EXPENSES INTO FIRST HALF OF
2025
    * QTRLY LOSS PER SHARE $0.72
    * Q1 EARNINGS PER SHARE VIEW $-0.69 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw7xVcywa 
Further company coverage:  ACET.O 

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