IMRA - Imara shares fall after FY results 2021 forecast

Imara shares slide ([[IMRA]] -18.6%) after the company reported full-year results and provided financial forecast for 2021.Net loss was $49.2M, or $3.53/share, for the year ended December 31, 2020, compared to a net loss of $23.5M, or $33.40/share last year.Research and development expenses were $32.2M compared to $19M in the prior year. General and administrative expenses rose to $9.5M from $5.1M.Cash, cash equivalents and investments were $88.2M as of December 31, 2020, as compared to $28.9M as of December 31, 2019.2021 Guidance: Research and development expenses will range between $50M and $55M; General and administrative expenses will range between $12M and $14M; Expects cash, cash equivalents and investments will be sufficient to enable it to fund its planned operations into mid-2022.Previously (March 5): Imara EPS misses by $0.27; outlook.

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Imara shares fall after FY results, 2021 forecast