Cogent Biosciences Inc

NASDAQ COGT

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Cogent Biosciences Inc Net Current Asset Value 2 year CAGR for the quarter ending March 31, 2024: 48.62%

Cogent Biosciences Inc Net Current Asset Value 2 year CAGR is 48.62% for the quarter ending March 31, 2024, a 696.57% change year over year. Net current asset value is a financial metric that represents the excess of a company's current assets over its total liabilities. It is calculated by subtracting the total liabilities from the total current assets of a company. Net current asset value provides insights into the value that would be available to shareholders if the company were to liquidate its current assets and pay off its liabilities. This metric is used to assess the company's liquidity position and the potential value for shareholders in a liquidation scenario. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Cogent Biosciences Inc Net Current Asset Value for the quarter ending March 31, 2023 was 186,635,000.00, a 6.21% change year over year.
Cogent Biosciences Inc Net Current Asset Value for the quarter ending March 31, 2022 was 175,727,000.00, a -20.57% change year over year.
Cogent Biosciences Inc Net Current Asset Value for the quarter ending March 31, 2021 was 221,222,000.00, a 1,132.57% change year over year.
Cogent Biosciences Inc Net Current Asset Value for the quarter ending March 31, 2020 was 17,948,000.00, a -52.66% change year over year.

NASDAQ: COGT

Cogent Biosciences Inc

CEO	Mr. Andrew R. Robbins M.B.A.
IPO Date	March 29, 2018
Location	United States
Headquarters	200 Cambridge Park Drive, Cambridge, MA, United States, 02140
Employees	164
Sector	Healthcare
Industry	Biotechnology

Description

Cogent Biosciences, Inc., a biotechnology company, focuses on developing precision therapies for genetically defined diseases. Its lead product candidate includes bezuclastinib (CGT9486), a selective tyrosine kinase inhibitor designed to target mutations within the KIT receptor tyrosine kinase, including KIT D816V KIT D816V mutation that drives systemic mastocytosis, as well as other mutations in KIT exon 17, which are found in patients with advanced gastrointestinal stromal tumors. The company has a licensing agreement with Plexxikon Inc. for the research, development, and commercialization of bezuclastinib. The company was formerly known as Unum Therapeutics Inc. and changed its name to Cogent Biosciences, Inc. in October 2020. Cogent Biosciences, Inc. was incorporated in 2014 and is headquartered in Waltham, Massachusetts.

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