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Stock impact report

Is AnaptysBio Stock a Buy? [The Motley Fool]

AnaptysBio, Inc. (ANAB) 
Last anaptysbio, inc. earnings: 3/2 08:45 am Check Earnings Report
US:NASDAQ Investor Relations: ir.anaptysbio.com/investor-relations
Company Research Source: The Motley Fool
AnaptysBio(NASDAQ:ANABImage source: Getty Images.AnaptysBio had $8. million in cash and equivalents on its books at the end of 09, providing ample resources for its research and development activities. The company expects a net cash burn of $60 million in 00 and claims its current funds can carry operations into 0. Cash-rich companies are better positioned to weather R&D setbacks or macro challenges like COVID-9, compared with companies in need of near-term funding.In 0, AnaptysBio forged a broad oncology partnership with Tesaro, an oncology company acquired byGlaxoSmithKlineNYSE:GSKBristol Myers SquibbNYSE:BMYThe partnerships will help advance more compounds in parallel than AnaptysBio could do alone, but they are not huge moneymakers -- not because they were bad deals, but because they were reached in the very early stages of drug development. For example, Bristol Myers Squibb will pay AnaptysBio up to $8 million for achieving certain R&D milestones, $ million in regulatory mileston Show less Read more
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