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In8bio | 10-Q: Q3 2024 Earnings Report

In8bio | 10-Q: Q3 2024 Earnings Report

In8bio | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/13 05:40

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IN8bio reported Q3 2024 financial results with a net loss of $7.1 million and cash position of $4.0 million as of September 30, 2024. The company announced a strategic pipeline prioritization focusing on INB-100 development while suspending INB-400 enrollment, along with a 49% workforce reduction. In October 2024, the company raised $11.6 million through a private placement of shares and warrants.Research and development expenses decreased to $3.3 million from $3.8 million in Q3 2023, while general and administrative expenses declined to $2.7 million from $3.4 million. The company recorded $1.1 million in one-time severance charges related to the workforce reduction. The existing cash plus private placement proceeds are expected to fund operations through December 2025.The company's lead candidate INB-100 continues to show promising data in leukemia patients, with 100% of evaluable patients remaining alive and progression-free through one year as of May 2024. The company plans to present updated INB-100 data at upcoming medical meetings and is exploring partnership opportunities for its GBM program following the suspension of INB-400 development.
IN8bio reported Q3 2024 financial results with a net loss of $7.1 million and cash position of $4.0 million as of September 30, 2024. The company announced a strategic pipeline prioritization focusing on INB-100 development while suspending INB-400 enrollment, along with a 49% workforce reduction. In October 2024, the company raised $11.6 million through a private placement of shares and warrants.Research and development expenses decreased to $3.3 million from $3.8 million in Q3 2023, while general and administrative expenses declined to $2.7 million from $3.4 million. The company recorded $1.1 million in one-time severance charges related to the workforce reduction. The existing cash plus private placement proceeds are expected to fund operations through December 2025.The company's lead candidate INB-100 continues to show promising data in leukemia patients, with 100% of evaluable patients remaining alive and progression-free through one year as of May 2024. The company plans to present updated INB-100 data at upcoming medical meetings and is exploring partnership opportunities for its GBM program following the suspension of INB-400 development.
In8bio公布了2024年第三季度的财务结果,净亏损为710万美元,截至2024年9月30日,现金持有量为400万美元。该公司宣布了战略管道优先事项,专注于INb-100的开发,同时暂停INb-400的入组,并进行49%的人员裁减。2024年10月,该公司通过定向增发股份和Warrants筹集了1160万美元。研发费用从2023年第三季度的380万美元减少至330万美元,而一般和行政费用则从340万美元减少至270万美元。该公司记录了与人员裁减相关的一次性遣散费为110万美元。现有现金加上定向增发所得预计将能支持运营至2025年12月。该公司的主要候选药物INb-100在白血病患者中继续显示出良好的数据,截至2024年5月,100%可评估患者在一年内生存且无进展。该公司计划在即将到来的医疗会议上展示更新后的INb-100数据,并正在探索其GBm项目的合作机会,此前已暂停INb-400的开发。
In8bio公布了2024年第三季度的财务结果,净亏损为710万美元,截至2024年9月30日,现金持有量为400万美元。该公司宣布了战略管道优先事项,专注于INb-100的开发,同时暂停INb-400的入组,并进行49%的人员裁减。2024年10月,该公司通过定向增发股份和Warrants筹集了1160万美元。研发费用从2023年第三季度的380万美元减少至330万美元,而一般和行政费用则从340万美元减少至270万美元。该公司记录了与人员裁减相关的一次性遣散费为110万美元。现有现金加上定向增发所得预计将能支持运营至2025年12月。该公司的主要候选药物INb-100在白血病患者中继续显示出良好的数据,截至2024年5月,100%可评估患者在一年内生存且无进展。该公司计划在即将到来的医疗会议上展示更新后的INb-100数据,并正在探索其GBm项目的合作机会,此前已暂停INb-400的开发。
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