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Will Annovis Bio (NYSE:ANVS) Spend Its Cash Wisely?

By Yahoo! Finance   |   Nov 11, 2024 at 06:30 AM EST
Will Annovis Bio (NYSE:ANVS) Spend Its Cash Wisely?

Investing in unprofitable businesses can be profitable, but risky due to potential cash burn issues. Annovis Bio (NYSE: ANVS) had a short cash runway of 7 months in September 2024, with a cash burn of US$23m in the last year.

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