Compugen (CGEN) has released an update.
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Compugen reported strong third-quarter financial results for 2024, with a net profit of $1.3 million, a significant improvement from the previous year’s loss. The company is advancing its clinical trials for cancer immunotherapies, including COM701 and COM503, and has a solid cash position expected to support operations until 2027. Partnerships with AstraZeneca and Gilead are contributing to potential revenue streams, highlighting a promising outlook for future growth.
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