Here's Why We're Watching Lexeo Therapeutics' (NASDAQ:LXEO) Cash Burn Situation

By Yahoo! Finance | Nov 20, 2024 at 07:24 AM EST

Shareholders can profit from a loss-making business if they buy it at a good price. For instance, biotech companies may initially lose money but succeed later. However, many loss-making firms eventually go bankrupt due to cash burn. Lexeo Therapeutics had a cash runway of 2.

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