Gain Therapeutics, Inc. Reports Full Year 2021 Financial Results and Business Update
BETHESDA, Md., March 24, 2022 (GLOBE NEWSWIRE) -- Gain Therapeutics, Inc. (Nasdaq: GANX) (“Gain”, or the “Company”), a biotechnology company focused on identifying and optimizing allosteric binding sites that have never been targeted in neurodegenerative diseases and lysosomal storage disorders, today announced its financial results for the full year ended December 31, 2021 and highlighted recent corporate accomplishments.
- Gain finished an extraordinary year of building value and accelerating its lead program to the clinic to provide a potentially disease modifying treatment for patients suffering from GBA1 Parkinsons Disease, commented Eric Richman, Chief Executive Officer of Gain.
- As of December 31, 2021, the Companys cash position was $36.88 million, compared to $7.49 million as of December 31, 2020.
- For the year-ended December 31, 2021, as compared to the year-ended December 31, 2020:
Total operating expenses were $13,991 thousand compared to $3,508 thousand. - Cash and cash equivalents were $36.88 million as of December 31, 2021, compared to $7.49 million on December 31, 2020.