Bolt Biotherapeutics Reports Improved Financial Performance
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Bolt Biotherapeutics, Inc. (BOLT) reported improved Q3 earnings, showing a net loss of $7.1 million, down from $15.2 million a year prior. The company noted decreased collaboration revenue and operating expenses, reflecting a focus on cost management. With a cash position of $17.8 million and short-term investments of $14.2 million, it has a financial runway into 2027. Bolt plans to advance its clinical programs and seek additional capital-raising opportunities to support its operations.
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