Here's Why We're Not Too Worried About MIRA Pharmaceuticals' (NASDAQ:MIRA) Cash Burn Situation

By Yahoo! Finance   |   1 week ago
Here's Why We're Not Too Worried About MIRA Pharmaceuticals' (NASDAQ:MIRA) Cash Burn Situation

While a business's lack of profitability doesn't always impact its stock value, monitoring cash burn is crucial. MIRA Pharmaceuticals had a 10-month cash runway in September 2024, with analysts predicting cashflow breakeven in 15 months.

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