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ARCA biopharma press release (NASDAQ:ABIO): Q1 GAAP EPS of -$0.23. Cash and cash equivalents were $49.1 million as of March 31, 2022, compared to $53.4 million as of December 31, 2021. ARCA believes that its current cash and cash equivalents, will be sufficient to fund its operations at the current levels through at least the middle of 2023. Shares +1.69%.