Vigil Neuroscience Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update
WATERTOWN, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Vigil Neuroscience, Inc. (Nasdaq: VIGL), a clinical-stage biotechnology company committed to harnessing the power of microglia for the treatment of neurodegenerative diseases, today announced financial results for the fourth quarter and full year ended December 31, 2023, and provided an update on recent progress.
- “Among our many recent milestones, the most significant for Vigil was the positive data readout from our ongoing Phase 2 IGNITE trial and ILLUMINATE Natural History Study.
- We are also pleased to have enrolled 20 patients in our IGNITE trial, exceeding our target of 15 patients.
- Cash Position: Cash, cash equivalents, and marketable securities were $117.9 million as of December 31, 2023, compared to $133.6 million as of September 30, 2023.
- The increase year-over-year was primarily attributable to increases in headcount-related costs and professional service fees to support the Company’s growth.