Tourmaline Bio Reports Fourth Quarter and Full Year 2023 Financial Results and Recent Business Highlights
Tourmaline Bio, Inc. (TRML)
Company Research
Source: GlobeNewswire
– Initiated pivotal spiriTED Phase 2b trial in Thyroid Eye Disease (TED) in 2023 and expanded TED clinical development plan, including accelerating the planned initiation of a pivotal Phase 3 trial into 2024 – – Reached alignment with the U.S. FDA on the clinical development program in Atherosclerotic Cardiovascular Disease (ASCVD) in 2023 and received clearance for Investigational New Drug application (IND) in March 2024 – – Completed reverse merger with Talaris Therapeutics in October 2023, including a concurrent private placement of $75.0 million – – Completed underwritten follow-on public offering in January 2024, raising gross proceeds of $172.5 million – – Expected cash runway into 2027, providing funding for key TOUR006 data readouts in TED and cardiovascular disease and the opportunity to expand into additional indications – NEW YORK, March 19, 2024 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developi
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TRML
News
- Tourmaline Bio, Inc. (NASDAQ: TRML) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $74.00 price target on the stock.MarketBeat
- Tourmaline Bio, Inc. (NASDAQ: TRML) had its price target raised by analysts at Jefferies Financial Group Inc. from $41.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- Tourmaline Bio, Inc. (NASDAQ: TRML) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $48.00 price target on the stock.MarketBeat
- Tourmaline Bio to Present at Upcoming Investor ConferencesGlobeNewswire
TRML
Earnings
- 11/14/23 - Miss
TRML
Analyst Actions
- 3/20/24 - HC Wainwright