Q4 2019 Y-mAbs Therapeutics, Inc Earnings Call Transcript
Greetings, and welcome to the Y-mAbs' Full Year 2019 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Thomas Gad, Chairman and President. Please go ahead.
Thank you, Ashley. Good afternoon, everyone, and thank you for joining us on this particular day. So 2019 was the year that we believe we made significant progress on our strategy and took steps that positioned us very well for 2020, as we worked to complete 2 BLA submissions and prepare for 2 potential product launches while significantly expanding our clinical activities.
We ended 2019 with $207 million in cash. And as you know, in late October, we completed a secondary offering led by Morgan Stanley, JPMorgan and BAML, in which we raised approximately net proceeds of $135 million to the company. These proceeds have further strengthened our balance sheet for the potential launch
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