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Stock impact report

Spyre Therapeutics Inc (SYRE) Announces Q4 and Full Year 2023 Financial Results [Yahoo! Finance]

Spyre Therapeutics, Inc. (SYRE) 
Company Research Source: Yahoo! Finance
R&D Expenses : Increased to $33.7 million in Q4 2023 from $14.3 million in Q4 2022, reflecting investment in IBD pipeline. G&A Expenses : Rose to $14.1 million in Q4 2023, up from $5.1 million in Q4 2022, due to stock compensation and professional service fees. Net Loss : Reported at $63.2 million for Q4 2023, including non-cash stock compensation expense of $17.3 million. Corporate Updates : Appointment of new CEO, Board members, and $180 million raised in private placement. Development Pipeline : Progress on preclinical programs, with first-in-human studies for SPY001 and SPY002 expected in 2024. Warning! GuruFocus has detected 5 Warning Signs with SYRE. On February 29, 2024, Spyre Therapeutics Inc ( NASDAQ:SYRE ), a biotechnology company focused on developing innovative therapies for inflammatory bowel disease (IBD), released its 8-K filing , detailing the fourth quarter and full year financial results for 2023. The company, which recently underwent a corporate name ch Show less Read more
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