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CureVac Announces Financial Results for the Fourth Quarter and Full-Year 2024 and Provides Business Update

1. CureVac achieved key milestones in glioblastoma and lung cancer studies. 2. Company maintains strong cash position, ensuring operational runway through 2028.

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FAQ

Why Bullish?

Successful advancements in clinical trials and strong cash reserves signal positive growth potential. Previous similar milestones have often led to stock price increases.

How important is it?

The article highlights significant operational advancements and financial stability, vital for investor sentiments and potential stock performance.

Why Long Term?

The long-term nature of clinical trials suggests a gradual build-up of investor confidence leading to sustained price increases.

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Strategic Milestone Achievement and Increased Financial Discipline Underscore Year of Corporate Transformation Completed enrollment of Part B of Phase 1 glioblastoma study with investigational precision immunotherapy CVGBM; Part B first data readout anticipated in H2 2025 Filed IND and CTA submissions for Phase 1 study with proprietary off-the-shelf program in squamous non-small cell lung cancer (sqNSCLC) Received FDA clearance to proceed with sqNSCLC Phase 1 study; expected to  start in H2 2025 Invoiced €10 million milestone payment following initiation of Phase 1 of the combined Phase 1/2 study of a seasonal influenza/COVID-19 combination vaccine; program fully licensed to GSK Received positive validity decision for patent EP 3 708 668 B1 in amended form from European Patent Office (EPO) in inter partes proceedings against BioNTech SE Jury trial in U.S. litigation postponed to September 8, 2025, by the District Court of the Eastern District of Virginia Cash and cash equivalents position of €481.7 million as of December 31, 2024; reaffirming expected cash runway into 2028 CureVac to host conference call and webcast today at 9 a.m. EST / 3 p.m.

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