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Theriva Biologics | 10-Q: Q2 2024 Earnings Report

Theriva Biologics | 10-Q: Q2 2024 Earnings Report

Theriva Biologics | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/13 20:22

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Theriva Biologics reported a net loss of $8.3 million ($0.43 per share) for Q2 2024, compared to a $5.1 million loss ($0.34 per share) in Q2 2023. Revenue remained minimal while R&D expenses were $3.0 million and G&A expenses decreased to $1.5 million. The company recorded a $4.0 million goodwill impairment charge during the quarter.The company's lead candidate VCN-01 continues to advance in clinical trials, with patient enrollment ongoing in the Phase 2 VIRAGE trial for pancreatic cancer. Positive topline data was reported from a Phase 1 trial of intravitreal VCN-01 in retinoblastoma patients. The FDA granted Fast Track Designation for VCN-01 in combination with chemotherapy for pancreatic cancer.With cash and equivalents of $16.6 million as of June 30, 2024, management expects current funding to support operations into Q2 2025. However, the company will require additional capital to advance later-stage clinical trials and commercialization efforts. During Q2, Theriva raised $1.8 million through an at-the-market offering of 4.4 million shares.
Theriva Biologics reported a net loss of $8.3 million ($0.43 per share) for Q2 2024, compared to a $5.1 million loss ($0.34 per share) in Q2 2023. Revenue remained minimal while R&D expenses were $3.0 million and G&A expenses decreased to $1.5 million. The company recorded a $4.0 million goodwill impairment charge during the quarter.The company's lead candidate VCN-01 continues to advance in clinical trials, with patient enrollment ongoing in the Phase 2 VIRAGE trial for pancreatic cancer. Positive topline data was reported from a Phase 1 trial of intravitreal VCN-01 in retinoblastoma patients. The FDA granted Fast Track Designation for VCN-01 in combination with chemotherapy for pancreatic cancer.With cash and equivalents of $16.6 million as of June 30, 2024, management expects current funding to support operations into Q2 2025. However, the company will require additional capital to advance later-stage clinical trials and commercialization efforts. During Q2, Theriva raised $1.8 million through an at-the-market offering of 4.4 million shares.
Theriva生物制品报告2024年第二季度净亏损830万美元(每股0.43美元),相比之下,2023年第二季度亏损510万美元(每股0.34美元)。营业收入保持微不足道,而研发费用为300万美元,管理费用减少至150万美元。公司在本季度记录了400万美元的商誉减值损失。公司主要候选药物VCN-01继续在临床试验中推进,第二阶段VIRAGE试验的 pancreatic癌患者正在招募中。第一阶段的视网膜母细胞瘤患者用VCN-01进行的玻璃体内注射试验报告了积极的顶线数据。FDA已授予VCN-01与化疗联合用于胰腺癌的快速通道认证。截至2024年6月30日,公司现金及现金等价物为1660万美元,管理层预计当前资金可支持运营至2025年第二季度。然而,公司将需要额外资金以推进后期临床试验和商业化工作。在第二季度,Theriva通过440万股的市场发行筹集了180万美元。
Theriva生物制品报告2024年第二季度净亏损830万美元(每股0.43美元),相比之下,2023年第二季度亏损510万美元(每股0.34美元)。营业收入保持微不足道,而研发费用为300万美元,管理费用减少至150万美元。公司在本季度记录了400万美元的商誉减值损失。公司主要候选药物VCN-01继续在临床试验中推进,第二阶段VIRAGE试验的 pancreatic癌患者正在招募中。第一阶段的视网膜母细胞瘤患者用VCN-01进行的玻璃体内注射试验报告了积极的顶线数据。FDA已授予VCN-01与化疗联合用于胰腺癌的快速通道认证。截至2024年6月30日,公司现金及现金等价物为1660万美元,管理层预计当前资金可支持运营至2025年第二季度。然而,公司将需要额外资金以推进后期临床试验和商业化工作。在第二季度,Theriva通过440万股的市场发行筹集了180万美元。
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