bluebird bio soars on 1st-qtr update
US biotech bluebird bio (Nasdaq: BLUE) saw its shares close up almost 15% at $1.12 yesterday, after it reported first quarter 2024 results and business highlights, including recent commercial and operational progress.
Total revenue, net was $18.6 million for the three months, compared to $2.4 million for the like 2023 period. The company’s cash, cash equivalents and restricted cash balance was around $264 million, including restricted cash of about $52 million, as of March 31, 2024
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