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Theriva Biologics | 8-K: Theriva™ Biologics Reports Second Quarter 2024 Operational Highlights and Financial Results

Theriva Biologics | 8-K: Theriva™ Biologics Reports Second Quarter 2024 Operational Highlights and Financial Results

Theriva Biologics | 8-K:Theriva™ Biologics公佈2024年第二季度運營亮點和財務業績
美股SEC公告 ·  08/13 20:07

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Theriva Biologics reported Q2 2024 financial results and operational highlights. The VIRAGE Phase 2b trial of VCN-01 for metastatic pancreatic cancer is expected to complete enrollment in Q3 2024. The FDA granted Fast Track Designation for VCN-01 in metastatic pancreatic cancer and Rare Pediatric Disease Designation for retinoblastoma.Financially, Theriva reported $16.6 million in cash as of June 30, 2024, expected to provide runway into Q2 2025. Q2 general and administrative expenses decreased 45% year-over-year to $1.5 million, while R&D expenses slightly decreased to $3.0 million. The company recorded a $4.0 million goodwill impairment charge.Theriva continues to advance its oncolytic virus platform, with VCN-01 as the lead candidate for pancreatic cancer and retinoblastoma. The company is pursuing opportunities to maximize VCN-01's therapeutic potential across difficult-to-treat cancers. Management expressed optimism about building on compelling Phase 1 data for VCN-01 and overcoming historical challenges in systemic oncolytic virus administration.
Theriva Biologics reported Q2 2024 financial results and operational highlights. The VIRAGE Phase 2b trial of VCN-01 for metastatic pancreatic cancer is expected to complete enrollment in Q3 2024. The FDA granted Fast Track Designation for VCN-01 in metastatic pancreatic cancer and Rare Pediatric Disease Designation for retinoblastoma.Financially, Theriva reported $16.6 million in cash as of June 30, 2024, expected to provide runway into Q2 2025. Q2 general and administrative expenses decreased 45% year-over-year to $1.5 million, while R&D expenses slightly decreased to $3.0 million. The company recorded a $4.0 million goodwill impairment charge.Theriva continues to advance its oncolytic virus platform, with VCN-01 as the lead candidate for pancreatic cancer and retinoblastoma. The company is pursuing opportunities to maximize VCN-01's therapeutic potential across difficult-to-treat cancers. Management expressed optimism about building on compelling Phase 1 data for VCN-01 and overcoming historical challenges in systemic oncolytic virus administration.
Theriva生物製品公司報告了2024年第二季度的財務業績和運營亮點。VCN-01在轉移性胰腺癌中的VIRAGE第20億臨牀試驗預計將在2024年第三季度完成招募。美國FDA已授予VCN-01在轉移性胰腺癌方面的快速通道認證,以及在視網膜母細胞瘤方面的罕見兒科疾病認證。在財務方面,截至2024年6月30日,Theriva報告現金爲1660萬美元,預計可以支撐到2025年第二季度。第二季度的管理費用同比下降45%,降至150萬美元,而研發費用略微下降至300萬美元。公司記錄了400萬美元的商譽減值費用。Theriva繼續推進其腫瘤溶解病毒平台,以VCN-01爲胰腺癌和視網膜母細胞瘤的主要候選藥物。公司正在尋求機會,以最大化VCN-01在難治癌症中的治療潛力。管理層對基於引人注目的VCN-01第1期數據的建設表示樂觀,並計劃克服系統性腫瘤溶解病毒應用中的歷史挑戰。
Theriva生物製品公司報告了2024年第二季度的財務業績和運營亮點。VCN-01在轉移性胰腺癌中的VIRAGE第20億臨牀試驗預計將在2024年第三季度完成招募。美國FDA已授予VCN-01在轉移性胰腺癌方面的快速通道認證,以及在視網膜母細胞瘤方面的罕見兒科疾病認證。在財務方面,截至2024年6月30日,Theriva報告現金爲1660萬美元,預計可以支撐到2025年第二季度。第二季度的管理費用同比下降45%,降至150萬美元,而研發費用略微下降至300萬美元。公司記錄了400萬美元的商譽減值費用。Theriva繼續推進其腫瘤溶解病毒平台,以VCN-01爲胰腺癌和視網膜母細胞瘤的主要候選藥物。公司正在尋求機會,以最大化VCN-01在難治癌症中的治療潛力。管理層對基於引人注目的VCN-01第1期數據的建設表示樂觀,並計劃克服系統性腫瘤溶解病毒應用中的歷史挑戰。
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