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SBPH

Spring Bank Pharmaceuticals

$1.68 /

-0.12 (-6.67%)

08:33
01/29/20
01/29
08:33
01/29/20
08:33

Spring Bank adjusting cost structure to fund operations in late 2022

In accordance with the decision to discontinue the further development of inarigivir and all HBV drug development, Spring Bank will not invest further resources towards the company's chimeric oligonucleotide antisense program for HBV, and has initiated discussions with external parties for licensing of this program. As a result of the elimination of costs related to its HBV program, the company believes that its cash position of $54.5M as of December 31, 2019 will fund the company's new operating plan into late 2022.

SBPH Spring Bank Pharmaceuticals
$1.68 /

-0.12 (-6.67%)

12/30/19
Fly Intel: Top five analyst actions
12/30/19 B. Riley FBR
B. Riley FBR downgrades Spring Bank to Neutral after Hep-B program halt
12/30/19 B. Riley FBR
Spring Bank Pharmaceuticals downgraded to Neutral from Buy at B. Riley FBR
12/26/19 Piper Sandler
Spring Bank downgraded to Neutral from Overweight at Piper Jaffray

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