PMV Pharmaceuticals Reports Increased Quarterly Loss
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PMV Pharmaceuticals, Inc. reported a Q3 net loss of $21.1 million, up from $19.2 million a year earlier. Operating expenses rose to $22.5 million due to increased research and development costs. Despite the losses, the company holds $129.3 million in cash and equivalents, ensuring operational continuity. PMV plans to advance its product candidates through clinical trials, with management confident in their strategic and financial position for ongoing R&D activities.
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