Idera Pharmaceuticals Reports First Quarter Financial Results and Provides Corporate Update
Idera Pharmaceuticals, Inc. (IDRA)
Last idera pharmaceuticals, inc. earnings: 11/6 04:01 pm
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US:NASDAQ Investor Relations:
ir.iderapharma.com/investor-overview
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Source: GlobeNewswire
EXTON, Pa., April 30, 2020 (GLOBE NEWSWIRE) -- Idera Pharmaceuticals, Inc. (“Idera” or the “Company”) (Nasdaq: IDRA) today reported its financial and operational results for the first quarter ended March 31, 2020. “I’m proud of what Idera has accomplished since the beginning of the year, despite the worldwide impact of the COVID-19 pandemic. We have completed and reported encouraging data from ILLUMINATE-204, secured additional financing to help execute our key objectives, and, to date, are on track with timelines for both ILLUMINATE-301 and ILLUMINATE-206,” stated Vincent Milano, Idera’s Chief Executive Officer. “The level of dedication and determination from our employees, our partners, and our investigators is incredibly inspiring.” Corporate UpdateSince December 31, 2019, the Company entered into a private placement financing of up to $20.7 million, with $5 million received in April 2020. The Company anticipates that its current cash, cash equivalents, and short-term inves
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