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Stock impact report

Instil Bio Reports First Quarter 2024 Financial Results and Provides Corporate Update

Instil Bio, Inc. (TIL) 
NASDAQ:AMEX Investor Relations: nasdaq.com/symbol/til
Company Research Source: GlobeNewswire
DALLAS, May 10, 2024 (GLOBE NEWSWIRE) -- Instil Bio, Inc. (“Instil”) (Nasdaq: TIL), a clinical-stage biopharmaceutical company focused on developing a pipeline of novel therapies, today reported its first quarter 2024 financial results and provided a corporate update. Recent Highlights: With successful completion of feasibility studies, preparations are underway with collaborator for a potential investigator-initiated trial (IIT) in non-small cell lung cancer with folate receptor a (FRa)-CoStAR TILExploring opportunities to in-license/acquire and develop novel therapeutic candidates in diseases with significant unmet medical needCash runway expected beyond 2026 First Quarter 2024 Financial and Operating Results: As of March 31, 2024, Instil had cash, cash equivalents, marketable securities and long-term investments of $161.5 million, which consisted of $5.5 million in cash and cash equivalents, $148.3 million in marketable securities and $7.7 million in long-term investments, co Show less Read more
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