Brief: Bone Therapeutics Says Cash Burn For FY 2019 Is Below Guidance

Biosenic SA

22/01/2020 06:17

Jan 22 (Reuters) - BONE THERAPEUTICS SA  BOTHE.BR :
    * CASH BURN FOR FULL YEAR 2019 BELOW GUIDANCE
    * NET CASH POSITION TOTALED EUR 8.6 MILLION (UNAUDITED
NUMBER) FOR
YEAR ENDED DECEMBER 31, 2019
    * NET CASH UTILIZATION OF EUR 11.5 MILLION(UNAUDITED NUMBER)
FOR
FULL YEAR 2019 WAS BELOW COMPANY'S GUIDANCE OF EUR 12-13 MILLION
    * COMPANY ANTICIPATES HAVING SUFFICIENT CASH TO CARRY OUT
ITS
BUSINESS OBJECTIVES INTO Q3 2020.

Source text for Eikon:  ID:nGNEzD0y6 
Further company coverage:  BOTHE.BR 

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