Cash And FundingTango ended 2Q24 with $322.1M in cash, cash equivalents, and marketable securities, which should provide an operational runway into 2027.
Financial PerformanceTango reported its 2Q24 financial results, recording a net loss of $0.24 per share—substantively narrower than the previously estimated net loss of $0.36 per share—mainly due to higher-than-projected quarterly revenue.
Market OpportunityThe market is undervaluing Tango at $10 per share, with an estimated market opportunity of over 200,000 patients and over $10 billion total addressable market in the U.S. and EU for MTAP-deleted cancers.