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BRIEF-Arca Biopharma Announces First Quarter 2021 Financial Results

05/11/2021 17:01
BRIEF-Arca Biopharma Announces First Quarter 2021 Financial Results

- ARCA Biopharma Inc ABIO.O:

  • ARCA BIOPHARMA ANNOUNCES FIRST QUARTER 2021 FINANCIAL RESULTS AND PROVIDES CORPORATE UPDATE

  • Q1 LOSS PER SHARE $0.33

  • TOPLINE DATA FROM PHASE 2B CLINICAL TRIAL EVALUATING RNAPC2 AS A POTENTIAL TREATMENT FOR COVID-19 ANTICIPATED IN Q3 OF 2021

  • BELIEVES THAT ITS CURRENT CASH AND CASH EQUIVALENTS WILL BE SUFFICIENT TO FUND ITS OPERATIONS THROUGH 2022

  • CASH AND CASH EQUIVALENTS WERE $66.9 MILLION AS OF MARCH 31, 2021, COMPARED TO $49.1 MILLION AS OF DECEMBER 31, 2020

Source text for Eikon: ID:nGNX5sl5Pr

Further company coverage: ABIO.O


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