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8-K: Ensysce Biosciences Reports Third Quarter 2024 Financial Results

8-K: Ensysce Biosciences Reports Third Quarter 2024 Financial Results

8-K:Ensysce Biosciences公布2024年第三季度财务业绩
美股SEC公告 ·  11/12 13:21

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Ensysce Biosciences reported Q3 2024 financial results and operational progress. The company was awarded a $14 million NIH grant for PF614-MPAR development and initiated its second clinical trial. Ensysce also submitted the pivotal PF614 Phase 3 protocol to the FDA for review.Financially, Ensysce ended Q3 with $4.2 million in cash, up from $1.1 million at 2023 year-end. Q3 revenue from federal grants increased to $3.4 million from $0.4 million YoY. R&D expenses decreased to $1.7 million from $1.9 million YoY. The company reported net income of $0.7 million for Q3 2024, compared to a $2.7 million loss in Q3 2023.Ensysce continues to advance its TAAP and MPAR technologies for safer pain medications. The company expects FDA feedback on its PF614 Phase 3 protocol by end-November and plans to initiate the pivotal trial in the coming year. For PF614-MPAR, Ensysce is set to begin subject dosing in the PF614-MPAR-102 study this quarter. The company also selected PF9001 as its lead candidate for opioid use disorder treatment.
Ensysce Biosciences reported Q3 2024 financial results and operational progress. The company was awarded a $14 million NIH grant for PF614-MPAR development and initiated its second clinical trial. Ensysce also submitted the pivotal PF614 Phase 3 protocol to the FDA for review.Financially, Ensysce ended Q3 with $4.2 million in cash, up from $1.1 million at 2023 year-end. Q3 revenue from federal grants increased to $3.4 million from $0.4 million YoY. R&D expenses decreased to $1.7 million from $1.9 million YoY. The company reported net income of $0.7 million for Q3 2024, compared to a $2.7 million loss in Q3 2023.Ensysce continues to advance its TAAP and MPAR technologies for safer pain medications. The company expects FDA feedback on its PF614 Phase 3 protocol by end-November and plans to initiate the pivotal trial in the coming year. For PF614-MPAR, Ensysce is set to begin subject dosing in the PF614-MPAR-102 study this quarter. The company also selected PF9001 as its lead candidate for opioid use disorder treatment.
Ensysce Biosciences公布了2024年第三季度的财务结果和运营进展。该公司获得了1400万美元的NIH拨款用于PF614-MPAR的开发,并启动了第二项临床试验。Ensysce还向FDA提交了关键的PF614三期方案进行审查。在财务方面,Ensysce在第三季度结束时的现金达到420万美元,较2023年年末的110万美元有所增加。第三季度来自联邦拨款的营业收入同比增加至340万美元,而去年为40万美元。研发费用同比减少至170万美元,去年为190万美元。该公司报告2024年第三季度净利润为70万美元,而2023年第三季度则亏损270万美元。Ensysce继续推进其TAAP和MP...展开全部
Ensysce Biosciences公布了2024年第三季度的财务结果和运营进展。该公司获得了1400万美元的NIH拨款用于PF614-MPAR的开发,并启动了第二项临床试验。Ensysce还向FDA提交了关键的PF614三期方案进行审查。在财务方面,Ensysce在第三季度结束时的现金达到420万美元,较2023年年末的110万美元有所增加。第三季度来自联邦拨款的营业收入同比增加至340万美元,而去年为40万美元。研发费用同比减少至170万美元,去年为190万美元。该公司报告2024年第三季度净利润为70万美元,而2023年第三季度则亏损270万美元。Ensysce继续推进其TAAP和MPAR技术,以开发更安全的止痛药。该公司预计将在11月底前收到FDA对其PF614三期方案的反馈,并计划在明年启动关键试验。针对PF614-MPAR,Ensysce计划在本季度开始PF614-MPAR-102研究中的受试者给药。该公司还选择PF9001作为其用于阿片使用障碍治疗的主要候选药物。
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