Brief: Morphosys AG Says With Implementation Of Cost Optimization Measures Planned For 2024, Co Expects A 2024 Cash Burn Of Approximately EUR 250 Million

Morphosys AG

13/12/2023 21:04

Dec 13 (Reuters) - Morphosys Ag  MORG.DE :
    * EQS-ADHOC: AD HOC: MORPHOSYS AG LAUNCHES CASH CAPITAL
INCREASE
BY WAY OF ACCELERATED BOOKBUILDING PROCESS
    * MORPHOSYS-INCREASE SHARE CAPITAL FROM EUR 34,231,943 TO UP
TO
EUR 37,655,137 BY ISSUE OF UP TO 3,423,194 NEW ORDINARY BEARER
SHARES WITH NO-PAR VALUE
    * COMBINATION OF COST OPTIMIZATION MEASURES & NET PROCEEDS
FROM
CAPITAL INCREASE ARE EXPECTED TO EXTEND COMPANY'S CASH RUNWAY TO
MID 2026
    * WITH IMPLEMENTATION OF  COST OPTIMIZATION MEASURES PLANNED
FOR
2024, CO EXPECTS A 2024 CASH BURN OF APPROXIMATELY EUR 250
MILLION

Source text for Eikon:  ID:nEQ11VLP4a 
Further company coverage:  MORG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))