Gritstone bio Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Updates
EMERYVILLE, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company working to develop the world’s most potent vaccines, today reported financial results for the fourth quarter and full year ended December 31, 2023 and provided recent corporate and clinical updates.
- Positive signal in this metastatic context would likely unlock enormous opportunity in both adjuvant and metastatic solid tumors.
- Gritstone met its enrollment target of 100 patients randomized in August 2023.
- Cash, cash equivalents, marketable securities and restricted cash were $86.9 million as of December 31, 2023, compared to $185.2 million as of December 31, 2022.
- Research and development expenses were $127.2 million for the year ended December 31, 2023 compared to $111.4 million for the year ended December 31, 2022.