Sana Biotechnology Reports Reduced Losses and Strong Liquidity
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Sana Biotechnology, Inc. (SANA) reported its Q3 earnings, showing a reduced net loss of $42.2 million compared to $59.9 million last year. Total operating expenses decreased to $43.5 million, driven by lower research and development costs. The company holds $153.1 million in cash and marketable securities, indicating strong liquidity. Sana remains focused on advancing its clinical and regulatory plans, leveraging its cash reserves for ongoing research and development efforts, with management optimistic about its strategic direction in the biotechnology sector.
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