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89bio Inc (ETNB) Reports Increased R&D Spend and Strengthened Cash Position in Q4 and Full ... [Yahoo! Finance]

89bio, Inc. (ETNB) 
Last 89bio, inc. earnings: 3/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
R&D Expenses : R&D expenses rose to $33.6 million for Q4 and $122.2 million for the full year, reflecting increased investment in clinical programs. G&A Expenses : G&A expenses increased to $7.6 million for Q4 and $29.0 million for the full year, due to personnel growth and professional service fees. Net Loss : Net loss widened to $40.2 million for Q4 and $142.2 million for the full year, driven by higher R&D and G&A expenses. Clinical Development : Positive Phase 2b ENLIVEN trial results and preparations for Phase 3 trials in NASH and ongoing SHTG trial. Warning! GuruFocus has detected 2 Warning Sign with ETNB. On February 29, 2024, 89bio Inc ( NASDAQ:ETNB ) released its 8-K filing , detailing the financial results for the fourth quarter and full year of 2023, along with providing updates on corporate milestones. As a clinical-stage biopharmaceutical company, 89bio is at the forefront of developing therapies for liver and cardio-metabolic diseases, with a particular focus Show less Read more
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