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In8bio | 10-Q: Q2 2024 Earnings Report

In8bio | 10-Q: Q2 2024 Earnings Report

In8bio | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/09 04:16

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IN8bio reported a net loss of $8.6 million for Q2 2024, compared to $7.7 million in Q2 2023. Research and development expenses increased to $5.2 million from $4.1 million, primarily due to higher personnel costs and clinical trial expenses. General and administrative expenses remained relatively flat at $3.5 million.The company ended the quarter with $10.2 million in cash, which is expected to fund operations only into January 2025, raising substantial doubt about its ability to continue as a going concern. During Q2, IN8bio raised $3.5 million through its ATM program. The company is exploring additional financing options including equity/debt offerings and strategic partnerships to extend its runway.IN8bio continues to advance its clinical programs, including the Phase 2 trial of INB-400 for glioblastoma and Phase 1 trials of INB-200 and INB-100. Recent data presented at medical conferences showed promising results, with 92% of evaluable GBM patients exceeding median progression-free survival with INB-200/400 and 100% of leukemia patients achieving durable complete remission with INB-100 through one year.
IN8bio reported a net loss of $8.6 million for Q2 2024, compared to $7.7 million in Q2 2023. Research and development expenses increased to $5.2 million from $4.1 million, primarily due to higher personnel costs and clinical trial expenses. General and administrative expenses remained relatively flat at $3.5 million.The company ended the quarter with $10.2 million in cash, which is expected to fund operations only into January 2025, raising substantial doubt about its ability to continue as a going concern. During Q2, IN8bio raised $3.5 million through its ATM program. The company is exploring additional financing options including equity/debt offerings and strategic partnerships to extend its runway.IN8bio continues to advance its clinical programs, including the Phase 2 trial of INB-400 for glioblastoma and Phase 1 trials of INB-200 and INB-100. Recent data presented at medical conferences showed promising results, with 92% of evaluable GBM patients exceeding median progression-free survival with INB-200/400 and 100% of leukemia patients achieving durable complete remission with INB-100 through one year.
In8bio報告2024年第二季度淨虧損860萬美元,較2023年第二季度的770萬美元有所增加。研發費用從410萬美元增加至520萬美元,主要由於人力成本和臨牀試驗費用上升。一般和行政費用保持相對平穩,爲350萬美元。公司在季度末的現金餘額爲1020萬美元,預計只能支持運營到2025年1月,這引發了對其持續經營能力的重大懷疑。在第二季度,In8bio通過其ATm計劃募集了350萬美元。公司正在探索包括股權/債務發行和戰略合作伙伴關係在內的額外融資選項,以延長其資金鍊。In8bio繼續推進其臨牀項目,包括針對膠質母細胞瘤的INb-400二期試驗和INb-200及INb-100的一期試驗。在最近的醫學會議上,展示的數據顯現出令人鼓舞的結果,92%的可評估膠質母細胞瘤患者在使用INb-200/400時超越了中位無進展生存期,100%的白血病患者在使用INb-100後獲得了持續的完全緩解,持續時間超過一年。
In8bio報告2024年第二季度淨虧損860萬美元,較2023年第二季度的770萬美元有所增加。研發費用從410萬美元增加至520萬美元,主要由於人力成本和臨牀試驗費用上升。一般和行政費用保持相對平穩,爲350萬美元。公司在季度末的現金餘額爲1020萬美元,預計只能支持運營到2025年1月,這引發了對其持續經營能力的重大懷疑。在第二季度,In8bio通過其ATm計劃募集了350萬美元。公司正在探索包括股權/債務發行和戰略合作伙伴關係在內的額外融資選項,以延長其資金鍊。In8bio繼續推進其臨牀項目,包括針對膠質母細胞瘤的INb-400二期試驗和INb-200及INb-100的一期試驗。在最近的醫學會議上,展示的數據顯現出令人鼓舞的結果,92%的可評估膠質母細胞瘤患者在使用INb-200/400時超越了中位無進展生存期,100%的白血病患者在使用INb-100後獲得了持續的完全緩解,持續時間超過一年。
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