Aura Biosciences' Cash Burn Rate and Cash Runway: A Financial Analysis

Aura Biosciences, a biotech company, has $162m in cash and a debt-free balance sheet. Its cash burn rate is $89m over the trailing 12 months, resulting in a 22-month cash runway. However, the company's cash burn rate has increased by 19% in the last year, which may lead to a shorter cash runway if spending continues to rise. The company may need to raise more capital in the future.