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IN BRIEF: Syncona notes investee company's quarterly loss

Tue, 14th Nov 2023 11:29

Syncona Ltd - London-based investor in healthcare companies - Says portfolio company Achilles Therapeutics reports that pretax loss widened to USD16.7 million in the third quarter of 2023 from USD12.4 million the year before, as operating expenses rose 19% to USD19.1 million from USD16.0 million a year ago. Achilles is a Philadelphia, US-based clinical-stage biopharmaceutical company which develops novel cancer immunotherapies. Syncona owns a 25% stake in Achilles.

Current stock price: 127.32 pence, down 0.7%

12-month change: down 33%

By Sabrina Penty, Alliance News reporter

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