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Assembly Biosciences | 10-Q: Q2 2024 Earnings Report

Assembly Biosciences | 10-Q: Q2 2024 Earnings Report

Assembly Biosciences | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/09 04:22

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Assembly Biosciences reported Q2 2024 financial results with collaboration revenue of $8.5 million from the Gilead agreement, compared to no revenue in Q2 2023. Net loss was $11.2 million or $1.98 per share, improved from a $16.9 million loss or $3.88 per share in the prior year period. Research and development expenses increased 30% to $16.3 million due to advancement of key programs.The company ended the quarter with $109.2 million in cash, cash equivalents and marketable securities. During Q2, Assembly raised $12.4 million through a registered direct offering and private placement, including shares and warrants sold to Gilead to maintain its 19.9% ownership stake. General and administrative expenses decreased 10% to $4.5 million.Assembly advanced multiple clinical programs, including initiating Phase 1 studies for ABI-5366 in recurrent genital herpes and ABI-4334 for chronic HBV infection. The company expects to begin additional Phase 1 trials by year-end for ABI-6250 in HDV and ABI-1179 in recurrent genital herpes. Management believes current funding will support operations into 2026.
Assembly Biosciences reported Q2 2024 financial results with collaboration revenue of $8.5 million from the Gilead agreement, compared to no revenue in Q2 2023. Net loss was $11.2 million or $1.98 per share, improved from a $16.9 million loss or $3.88 per share in the prior year period. Research and development expenses increased 30% to $16.3 million due to advancement of key programs.The company ended the quarter with $109.2 million in cash, cash equivalents and marketable securities. During Q2, Assembly raised $12.4 million through a registered direct offering and private placement, including shares and warrants sold to Gilead to maintain its 19.9% ownership stake. General and administrative expenses decreased 10% to $4.5 million.Assembly advanced multiple clinical programs, including initiating Phase 1 studies for ABI-5366 in recurrent genital herpes and ABI-4334 for chronic HBV infection. The company expects to begin additional Phase 1 trials by year-end for ABI-6250 in HDV and ABI-1179 in recurrent genital herpes. Management believes current funding will support operations into 2026.
Assembly Biosciences报告了2024年第二季度的财务结果,来自吉利德协议的合作营业收入为850万美元,而2023年第二季度没有任何收入。净亏损为1120万美元,或每股1.98美元,较去年同期的1690万美元亏损或每股3.88美元有所改善。由于关键项目的推进,研发支出增加了30%,达到1630万美元。公司季度末现金、现金等价物和可交易证券为10920万美元。在第二季度,Assembly通过注册直接发行和定向增发筹集了1240万美元,包括出售给吉利德的股份和Warrants,以维持其19.9%的股权。一般和行政费用减少了10%,降至450万美元。Assembly推进了多个临床项目,包括启动针对复发性生殖器疱疹的ABI-5366和针对慢性HBV感染的ABI-4334的第一阶段研究。公司预计将在年底前开始针对HDV的ABI-6250和复发性生殖器疱疹的ABI-1179的额外第一阶段试验。管理层相信,目前的资金将支持运营到2026年。
Assembly Biosciences报告了2024年第二季度的财务结果,来自吉利德协议的合作营业收入为850万美元,而2023年第二季度没有任何收入。净亏损为1120万美元,或每股1.98美元,较去年同期的1690万美元亏损或每股3.88美元有所改善。由于关键项目的推进,研发支出增加了30%,达到1630万美元。公司季度末现金、现金等价物和可交易证券为10920万美元。在第二季度,Assembly通过注册直接发行和定向增发筹集了1240万美元,包括出售给吉利德的股份和Warrants,以维持其19.9%的股权。一般和行政费用减少了10%,降至450万美元。Assembly推进了多个临床项目,包括启动针对复发性生殖器疱疹的ABI-5366和针对慢性HBV感染的ABI-4334的第一阶段研究。公司预计将在年底前开始针对HDV的ABI-6250和复发性生殖器疱疹的ABI-1179的额外第一阶段试验。管理层相信,目前的资金将支持运营到2026年。
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