Invivyd Refiles Financials Citing Viability Concerns

Invivyd (IVVD) has released an update.

A company has refiled its consolidated financial statements from its annual report due to a newly disclosed concern about its ability to continue operating. The updated note reveals that without additional revenue or external funding, the company’s cash reserves are projected to last only until the fourth quarter of 2024, raising substantial doubt about its future viability. This update, prompted by spending patterns in 2023, is part of a registration statement and does not affect the rest of the original financial statements. The company advises reading this in conjunction with its previous SEC filings for a complete picture.

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For a comprehensive understanding of the announcement, you can read the full document here.