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Stock impact report

Instil Bio Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Update

Instil Bio, Inc. (TIL) 
NASDAQ:AMEX Investor Relations: nasdaq.com/symbol/til
Company Research Source: GlobeNewswire
DALLAS, March 21, 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 fourth quarter and full year 2023 financial results and provided a corporate update. Recent Highlights: Announced entering into a strategic collaboration to develop an autologous folate receptor a (FRa)-CoStAR enhanced TIL for a potential investigator-initiated trial (IIT) in non-small cell lung cancer in ChinaAnnounced a strategic update to the ITIL-306 program, including closure of Instil’s UK manufacturing and cessation of ITIL-306 clinical trial activitiesExploring opportunities to in-license/acquire and develop novel therapeutic candidates in diseases with significant unmet medical needCash runway expected beyond 2026 Fourth Quarter and Full Year 2023 Financial and Operating Results: As of December 31, 2023, Instil had $175.0 million in total cash, cash equivalents, restricted Show less Read more
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