Affimed N.V. Shows Narrowed Q1 Losses

Affimed (AFMD) has released an update.

Affimed N.V. reports a reduced comprehensive loss of €19,175 thousand for the first quarter of 2024, an improvement from the €31,983 thousand loss in the same period last year. The company’s financial position shows total assets at €70,553 thousand as of March 31, 2024, with a notable decrease in cash and equivalents compared to December 31, 2023. This financial snapshot indicates a critical period of transition for Affimed, as stakeholders scrutinize the company’s ability to manage expenses and stabilize its financial health.

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