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Tango Therapeutics, Inc.(TNGX) has reported its financial re sults for the second quarter of 2023, showcasing a narrower net loss compared to the previous quarter, along with a significant surge in both collaboration and license revenue. The company's balance sheet indicates a strategic shift in its financial position, emphasizing key assets and liabilities

Net Loss Narrows in Q2 2023 for Tango Therapeutics

Collaboration and License Revenue Surges in Second Quarter

By USInMinutes
Published - Aug 07, 2023, 11:14 AM ET
Last Updated - Aug 21, 2024, 02:52 AM EDT

Tango Therapeutics, Inc.(TNGX) has reported its financial re sults for the second quarter of 2023, showcasing a narrower net loss compared to the previous quarter, along with a significant surge in both collaboration and license revenue. The company's balance sheet indicates a strategic shift in its financial position, emphasizing key assets and liabilities.

Collaboration and License Revenue Lead the Way

Tango Therapeutics, a pioneering biotechnology company focused on innovative cancer therapies, has announced its financial results for the second quarter of 2023, highlighting encouraging trends in its net loss and revenue figures. The company's collaboration and license revenue took center stage during this period, bolstering its financial performance.

A Closer Look at the Balance Sheet

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