Tourmaline Bio, Inc. Reports Third Quarter Financial Results [Yahoo! Finance]
Tourmaline Bio, Inc. (TRML)
Company Research
Source: Yahoo! Finance
Tourmaline Bio, Inc. is a clinical-stage biotechnology company focused on developing transformative treatments for immune and inflammatory diseases, primarily through its lead candidate pacibekitug, a monoclonal antibody targeting interleukin-6. In its latest earnings report, the company disclosed significant financial movements, with a noticeable increase in short-term investments and a reduction in cash due to strategic financing activities. The report highlighted a net loss of $20.2 million for the third quarter of 2024, up from $5.6 million in the same period last year, reflecting increased research and development expenses. Moreover, Tourmaline Bio secured gross proceeds of approximately $172.5 million from a public offering, bolstering its financial position to support ongoing and future operations. Looking forward, Tourmaline Bio management anticipates continued development progress, backed by a solid cash position and strategic partnerships, to advance its pipeline and achiev
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TRML
News
- Tourmaline Bio, Inc. (NASDAQ: TRML) had its "buy" rating re-affirmed by analysts at Guggenheim.MarketBeat
- Tourmaline Bio, Inc. (NASDAQ: TRML) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $25.00 price target on the stock.MarketBeat
- Tourmaline Bio, Inc. (NASDAQ: TRML) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $49.00 price target on the stock.MarketBeat
- Tourmaline Bio Highlights Cardiovascular Inflammation Focus and Announces Key Clinical and Strategic Updates at Investor Day [Yahoo! Finance]Yahoo! Finance
- Tourmaline Bio Highlights Cardiovascular Inflammation Focus and Announces Key Clinical and Strategic Updates at Investor DayGlobeNewswire
TRML
Earnings
- 11/7/24 - Beat
TRML
Sec Filings
- 12/10/24 - Form 8-K
- 12/10/24 - Form 8-K
- 11/15/24 - Form EFFECT
- TRML's page on the SEC website