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GBIO - Generation Bio GAAP EPS of -$0.61 misses by $0.08
Generation Bio Co.
Generation Bio press release (NASDAQ:GBIO): Q1 GAAP EPS of -$0.61 misses by $0.08. Cash and cash equivalents of $337M will fund operating plan into 2024. The net decrease in cash and cash equivalents during the first quarter of 2022 includes cash outflows for seasonal and one-time expenditures, which are not expected to recur during the remainder of 2022.