Algorae Pharmaceuticals (ASX:1AI) Marketable Securities : A$3.00 Mil (As of Dec. 2023)

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What is Algorae Pharmaceuticals Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Algorae Pharmaceuticals's Marketable Securities for the quarter that ended in Dec. 2023 was A$3.00 Mil.

Algorae Pharmaceuticals Marketable Securities Historical Data

The historical data trend for Algorae Pharmaceuticals's Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Algorae Pharmaceuticals Marketable Securities Chart

Algorae Pharmaceuticals Annual Data

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Marketable Securities

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Algorae Pharmaceuticals Semi-Annual Data
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Marketable Securities	Get a 7-Day Free Trial															-	-	-	3.00	-

Algorae Pharmaceuticals Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Algorae Pharmaceuticals (ASX:1AI) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Algorae Pharmaceuticals Marketable Securities Related Terms

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Algorae Pharmaceuticals Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Algorae Pharmaceuticals Ltd (ASX:1AI) » Definitions » Marketable Securities

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LVCLF:USA LHI0:Germany

Address

525 Collins Street, Level 23, Rialto South Tower, Melbourne, VIC, AUS, 3000

Website

https://www.algoraepharma.com

Algorae Pharmaceuticals Ltd is a clinical-stage pharmaceutical company developing transformative solutions for under met medical needs in the community. The firm develops AlgoraeOS, a closed-loop platform, leveraging computational tools to generate novel insights in silico that are being developed to initiate or accelerate therapeutic programs. The products of the company comprise AI-116, a novel combination drug candidate of cannabidiol (CBD) and an off-patent pharmaceutical ingredient. The company is conceptualized to be a potential treatment for dementia, including Alzheimer's disease, NTCELL is an alginate-coated capsule containing clusters of neonatal porcine choroid plexus cells. It also offers LP-003 Anti-obesity Drug and LC-002 migraine treatment.

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