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Stock impact report

4D Molecular Therapeutics Inc Reports Full Year 2023 Financial Results [Yahoo! Finance]

4D Molecular Therapeutics, Inc. (FDMT) 
Company Research Source: Yahoo! Finance
Net Loss : Net loss decreased to $100.8 million in 2023 from $107.5 million in 2022. Research and Development Expenses : R&D expenses rose to $97.1 million, reflecting the progression of clinical trials. Cash Position : Cash, cash equivalents, and marketable securities were $299 million as of December 31, 2023, bolstered by a successful public offering. Operational Runway : The company's cash position is expected to fund operations into the first half of 2027. Strategic Partnerships : Entered agreements with Astellas Pharma and Arbor Biotechnologies, validating 4DMTs Therapeutic Vector Evolution platform. Clinical Milestones : Positive interim data for 4D-150 in wet AMD and other product candidates, with Phase 3 initiation expected in Q1 2025. Warning! GuruFocus has detected 5 Warning Signs with FDMT. On February 29, 2024, 4D Molecular Therapeutics Inc ( NASDAQ:FDMT ) released its 8-K filing , announcing its full-year financial results for 2023 and providing updates on Show less Read more
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