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Theriva Biologics | 10-Q: Q2 2024 Earnings Report

Theriva Biologics | 10-Q: Q2 2024 Earnings Report

Theriva Biologics | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/13 20:22

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Theriva Biologics reported a net loss of $8.3 million ($0.43 per share) for Q2 2024, compared to a $5.1 million loss ($0.34 per share) in Q2 2023. Revenue remained minimal while R&D expenses were $3.0 million and G&A expenses decreased to $1.5 million. The company recorded a $4.0 million goodwill impairment charge during the quarter.The company's lead candidate VCN-01 continues to advance in clinical trials, with patient enrollment ongoing in the Phase 2 VIRAGE trial for pancreatic cancer. Positive topline data was reported from a Phase 1 trial of intravitreal VCN-01 in retinoblastoma patients. The FDA granted Fast Track Designation for VCN-01 in combination with chemotherapy for pancreatic cancer.With cash and equivalents of $16.6 million as of June 30, 2024, management expects current funding to support operations into Q2 2025. However, the company will require additional capital to advance later-stage clinical trials and commercialization efforts. During Q2, Theriva raised $1.8 million through an at-the-market offering of 4.4 million shares.
Theriva Biologics reported a net loss of $8.3 million ($0.43 per share) for Q2 2024, compared to a $5.1 million loss ($0.34 per share) in Q2 2023. Revenue remained minimal while R&D expenses were $3.0 million and G&A expenses decreased to $1.5 million. The company recorded a $4.0 million goodwill impairment charge during the quarter.The company's lead candidate VCN-01 continues to advance in clinical trials, with patient enrollment ongoing in the Phase 2 VIRAGE trial for pancreatic cancer. Positive topline data was reported from a Phase 1 trial of intravitreal VCN-01 in retinoblastoma patients. The FDA granted Fast Track Designation for VCN-01 in combination with chemotherapy for pancreatic cancer.With cash and equivalents of $16.6 million as of June 30, 2024, management expects current funding to support operations into Q2 2025. However, the company will require additional capital to advance later-stage clinical trials and commercialization efforts. During Q2, Theriva raised $1.8 million through an at-the-market offering of 4.4 million shares.
Theriva生物製品報告2024年第二季度淨虧損830萬美元(每股0.43美元),相比之下,2023年第二季度虧損510萬美元(每股0.34美元)。營業收入保持微不足道,而研發費用爲300萬美元,管理費用減少至150萬美元。公司在本季度記錄了400萬美元的商譽減值損失。公司主要候選藥物VCN-01繼續在臨牀試驗中推進,第二階段VIRAGE試驗的 pancreatic癌患者正在招募中。第一階段的視網膜母細胞瘤患者用VCN-01進行的玻璃體內注射試驗報告了積極的頂線數據。FDA已授予VCN-01與化療聯合用於胰腺癌的快速通道認證。截至2024年6月30日,公司現金及現金等價物爲1660萬美元,管理層預計當前資金可支持運營至2025年第二季度。然而,公司將需要額外資金以推進後期臨牀試驗和商業化工作。在第二季度,Theriva通過440萬股的市場發行籌集了180萬美元。
Theriva生物製品報告2024年第二季度淨虧損830萬美元(每股0.43美元),相比之下,2023年第二季度虧損510萬美元(每股0.34美元)。營業收入保持微不足道,而研發費用爲300萬美元,管理費用減少至150萬美元。公司在本季度記錄了400萬美元的商譽減值損失。公司主要候選藥物VCN-01繼續在臨牀試驗中推進,第二階段VIRAGE試驗的 pancreatic癌患者正在招募中。第一階段的視網膜母細胞瘤患者用VCN-01進行的玻璃體內注射試驗報告了積極的頂線數據。FDA已授予VCN-01與化療聯合用於胰腺癌的快速通道認證。截至2024年6月30日,公司現金及現金等價物爲1660萬美元,管理層預計當前資金可支持運營至2025年第二季度。然而,公司將需要額外資金以推進後期臨牀試驗和商業化工作。在第二季度,Theriva通過440萬股的市場發行籌集了180萬美元。
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