Companies Like Lexeo Therapeutics (NASDAQ:LXEO) Are In A Position To Invest In Growth

By Yahoo! Finance | Jun 13, 2024 at 08:06 AM EST

While unprofitable companies may collapse due to cash burn, Lexeo Therapeutics (NASDAQ:LXEO) has a healthy cash balance, enough to sustain operations for 3.5 years. Despite revenue challenges, the company's reduced cash burn indicates steady business development.

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