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Panbela Therapeutics | 10-K: FY2023 Annual Report

Panbela Therapeutics | 10-K: FY2023 Annual Report

Panbela Therapeutics | 10-K:2023財年年報
美股SEC公告 ·  03/26 16:20
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Panbela Therapeutics, a clinical-stage biopharmaceutical company, reported a net loss of $25.3 million for the fiscal year ended December 31, 2023, compared to a net loss of $34.9 million for the previous year. The company's operating expenses decreased by 24.8% to $25.6 million, down from $34.1 million in 2022, primarily due to reduced legal and financial advisory expenses and a decrease in research and development costs. Despite the net loss, Panbela made progress in its clinical trials, including the initiation of the ASPIRE trial for its lead candidate ivospemin (SBP-101) for the treatment of pancreatic cancer. The company also completed a strategic acquisition of Cancer Prevention Pharmaceuticals (CPP) and raised significant capital through public offerings and warrant exercises, totaling approximately $26.1 million in net financing activities. Panbela's cash and cash equivalents stood at $2.6 million as of December 31, 2023. The company's future plans include continuing its clinical development efforts, seeking regulatory approvals, and exploring additional financing options to support operations beyond the second quarter of 2024.
Panbela Therapeutics, a clinical-stage biopharmaceutical company, reported a net loss of $25.3 million for the fiscal year ended December 31, 2023, compared to a net loss of $34.9 million for the previous year. The company's operating expenses decreased by 24.8% to $25.6 million, down from $34.1 million in 2022, primarily due to reduced legal and financial advisory expenses and a decrease in research and development costs. Despite the net loss, Panbela made progress in its clinical trials, including the initiation of the ASPIRE trial for its lead candidate ivospemin (SBP-101) for the treatment of pancreatic cancer. The company also completed a strategic acquisition of Cancer Prevention Pharmaceuticals (CPP) and raised significant capital through public offerings and warrant exercises, totaling approximately $26.1 million in net financing activities. Panbela's cash and cash equivalents stood at $2.6 million as of December 31, 2023. The company's future plans include continuing its clinical development efforts, seeking regulatory approvals, and exploring additional financing options to support operations beyond the second quarter of 2024.
臨床階段生物製藥公司Panbela Therapeutics報告了2023年12月31日結束的財政年度的淨虧損爲2530萬美元,而上一年的淨虧損爲3490萬美元。公司的營業費用減少了24.8%,從2022年的3410萬美元降至2560萬美元,主要是由於減少了法律和財務諮詢費用以及研發成本的下降。儘管出現了淨虧損,Panbela在其臨床試驗方面取得了進展,包括啓動了ASPIRE試驗,以研究其治療胰腺癌的主要候選藥物ivospemin(SBP-101)。該公司還通過公開發行和權證行使籌集了大量資本,淨融資活動總額約爲2610萬美元。截至2023年12月31日,Panbela的現金及現金等價物爲260萬美元。該公司未來的計劃包括繼續開展臨床發展工作,尋求監管批准,並探索其他融資選擇,以支持2024年第二季度之後的運營。
臨床階段生物製藥公司Panbela Therapeutics報告了2023年12月31日結束的財政年度的淨虧損爲2530萬美元,而上一年的淨虧損爲3490萬美元。公司的營業費用減少了24.8%,從2022年的3410萬美元降至2560萬美元,主要是由於減少了法律和財務諮詢費用以及研發成本的下降。儘管出現了淨虧損,Panbela在其臨床試驗方面取得了進展,包括啓動了ASPIRE試驗,以研究其治療胰腺癌的主要候選藥物ivospemin(SBP-101)。該公司還通過公開發行和權證行使籌集了大量資本,淨融資活動總額約爲2610萬美元。截至2023年12月31日,Panbela的現金及現金等價物爲260萬美元。該公司未來的計劃包括繼續開展臨床發展工作,尋求監管批准,並探索其他融資選擇,以支持2024年第二季度之後的運營。
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