share_log

Panbela Therapeutics | 10-Q: Q2 2024 Earnings Report

Panbela Therapeutics | 10-Q: Q2 2024 Earnings Report

Panbela Therapeutics | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/14 05:13

Moomoo AI 已提取核心訊息

Panbela Therapeutics reported a net loss of $7.1 million in Q2 2024, up from $5.8 million in Q2 2023, as research and development expenses increased 65.3% to $7.0 million due to expansion of the ASPIRE clinical trial. The company ended the quarter with cash of $59,000 and a working capital deficit of $16.0 million.The company's ASPIRE trial for pancreatic cancer treatment has expanded to 89 sites across 10 countries, with over 50% enrollment completed. Management projects full enrollment by Q1 2025, with interim analysis expected in early 2025. However, the trial faces uncertainty as the contract research organization has threatened termination by August 19, 2024, unless the remaining balance of $11.2 million is paid.To address immediate funding needs, Panbela secured a $1.5 million loan from USWM, LLC in July 2024 and completed a $9.0 million public offering in January 2024. The company's stock was delisted from Nasdaq in March 2024 and now trades on OTCQB, though it has applied for relisting on Nasdaq.
Panbela Therapeutics reported a net loss of $7.1 million in Q2 2024, up from $5.8 million in Q2 2023, as research and development expenses increased 65.3% to $7.0 million due to expansion of the ASPIRE clinical trial. The company ended the quarter with cash of $59,000 and a working capital deficit of $16.0 million.The company's ASPIRE trial for pancreatic cancer treatment has expanded to 89 sites across 10 countries, with over 50% enrollment completed. Management projects full enrollment by Q1 2025, with interim analysis expected in early 2025. However, the trial faces uncertainty as the contract research organization has threatened termination by August 19, 2024, unless the remaining balance of $11.2 million is paid.To address immediate funding needs, Panbela secured a $1.5 million loan from USWM, LLC in July 2024 and completed a $9.0 million public offering in January 2024. The company's stock was delisted from Nasdaq in March 2024 and now trades on OTCQB, though it has applied for relisting on Nasdaq.
Panbela Therapeutics在2024年第二季度報告了710萬美元的淨虧損,較2023年第二季度的580萬美元有所增加,因爲由於ASPIRE臨牀試驗的擴展,研發費用增加了65.3%,達到700萬美元。該公司在本季度末現金爲59000美元,流動資本赤字爲1600萬美元。該公司的ASPIRE試驗用於治療胰腺癌,已擴展到10個國家的89個地點,超過50%的入組已完成。管理層預計到2025年第一季度將完成全部入組,預計在2025年初進行中期分析。然而,由於合同研究組織威脅在2024年8月19日前終止合同,試驗面臨不確定性,除非支付剩餘的1120萬美元。爲了應對緊急資金需求,Panbela在2024年7月從USWm, LLC獲得了150萬美元的貸款,並在2024年1月完成了900萬美元的公開發行。該公司的股票於2024年3月從納斯達克退市,目前在OTCQb交易,儘管它已申請在納斯達克重新上市。
Panbela Therapeutics在2024年第二季度報告了710萬美元的淨虧損,較2023年第二季度的580萬美元有所增加,因爲由於ASPIRE臨牀試驗的擴展,研發費用增加了65.3%,達到700萬美元。該公司在本季度末現金爲59000美元,流動資本赤字爲1600萬美元。該公司的ASPIRE試驗用於治療胰腺癌,已擴展到10個國家的89個地點,超過50%的入組已完成。管理層預計到2025年第一季度將完成全部入組,預計在2025年初進行中期分析。然而,由於合同研究組織威脅在2024年8月19日前終止合同,試驗面臨不確定性,除非支付剩餘的1120萬美元。爲了應對緊急資金需求,Panbela在2024年7月從USWm, LLC獲得了150萬美元的貸款,並在2024年1月完成了900萬美元的公開發行。該公司的股票於2024年3月從納斯達克退市,目前在OTCQb交易,儘管它已申請在納斯達克重新上市。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息