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Stock impact report

Arcellx Provides Fourth Quarter and Year-End 2023 Financial Results and Business Highlights [Yahoo! Finance]

Arcellx, Inc. (ACLX) 
Company Research Source: Yahoo! Finance
-- Ended the quarter with $729.2M , extending cash runway into 2027 -- REDWOOD CITY, Calif. Feb. 28, 2024 /PRNewswire/ -- Arcellx, Inc. (NASDAQ: ACLX), a biotechnology company reimagining cell therapy through the development of innovative immunotherapies for patients with cancer and other incurable diseases, today reported business highlights and financial results for the fourth quarter and year ended December 31, 2023 "In 2023, our team built upon the momentum that has propelled Arcellx forward over the past two years," said Rami Elghandour, Arcellx's Chairman and Chief Executive Officer. "We expanded our partnership with Kite, through a $200M investment, extending our cash runway into 2027 and deepened our collaboration by expanding into lymphomas. Additionally, we presented robust long-term data from our Phase 1 expansion study of anito-cel at the 65th ASH Annual Meeting. These data support the potential for anito-cel to be a best-in-class treatment option for patients with re Show less Read more
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