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Stock impact report

Beam Therapeutics Inc (BEAM) Reports Strong Year-End Financials with Key Clinical Milestones on ... [Yahoo! Finance]

Beam Therapeutics Inc. (BEAM) 
Company Research Source: Yahoo! Finance
R&D Investments : R&D expenses increased to $437.4 million for the full year, reflecting ongoing clinical advancements. G&A Expenses : G&A expenses rose to $116.8 million for the year, supporting expanded operations. Net Income : Reported a net income of $142.8 million for Q4, a significant turnaround from the previous year's loss. Operational Milestones : Progress in BEACON Phase 1/2 study of BEAM-101 and filed CTA for BEAM-302, with clinical data expected in H2 2024. Financial Outlook : Cash runway expected to support operations into 2027, underpinning key clinical programs. Warning! GuruFocus has detected 4 Warning Sign with BEAM. On February 27, 2024, Beam Therapeutics Inc ( NASDAQ:BEAM ) released its 8-K filing , detailing the company's financial results for the fourth quarter and full year of 2023. BEAM, a pioneering biotechnology firm specializing in precision genetic medicines through base editing, has reported a solid financial position and promising progress in Show less Read more
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