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Tharimmune | 10-Q: Q3 2024 Earnings Report

Tharimmune | 10-Q: Q3 2024 Earnings Report

Tharimmune | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/07 16:29

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Tharimmune reported financial results for Q3 2024, with research and development expenses increasing to $2.3 million from $0.5 million year-over-year, primarily due to clinical trial progression and license fees. The company ended the quarter with $4.8 million in cash and cash equivalents, down from $10.9 million at year-end 2023.The company made significant progress in its clinical pipeline, including advancing TH104 for chronic pruritis treatment and exclusively licensing INT-023/TH023, an oral anti-TNF-α monoclonal antibody. Key developments included signing manufacturing agreements for TH104's Phase 2 clinical trial supplies and entering strategic partnerships with Intract Pharma and Enkefalos Biosciences.To strengthen its financial position, Tharimmune completed a private placement offering in June 2024 raising $1.8 million net proceeds. The company also entered into an ATM agreement allowing for up to $1.65 million in additional funding. Management acknowledged substantial doubt about continuing as a going concern, citing the need for additional funding to support future operations.
Tharimmune reported financial results for Q3 2024, with research and development expenses increasing to $2.3 million from $0.5 million year-over-year, primarily due to clinical trial progression and license fees. The company ended the quarter with $4.8 million in cash and cash equivalents, down from $10.9 million at year-end 2023.The company made significant progress in its clinical pipeline, including advancing TH104 for chronic pruritis treatment and exclusively licensing INT-023/TH023, an oral anti-TNF-α monoclonal antibody. Key developments included signing manufacturing agreements for TH104's Phase 2 clinical trial supplies and entering strategic partnerships with Intract Pharma and Enkefalos Biosciences.To strengthen its financial position, Tharimmune completed a private placement offering in June 2024 raising $1.8 million net proceeds. The company also entered into an ATM agreement allowing for up to $1.65 million in additional funding. Management acknowledged substantial doubt about continuing as a going concern, citing the need for additional funding to support future operations.
Tharimmune發佈了2024年第三季度的財務報告,研發費用從去年同期的50萬美元增加至230萬美元,主要由於臨牀試驗的進展和許可費用的增加。公司在季度末的現金及現金等價物爲480萬美元,較2023年年末的1090萬美元有所下降。該公司在其臨牀管道中取得了顯著進展,包括推進TH104用於慢性瘙癢的治療並獨佔許可INt-023/TH023,這是一種口服抗TNF-α單克隆抗體。關鍵進展包括簽署TH104第二期臨牀試驗供應的製造協議,並與Intract Pharma和Enkefalos Biosciences達成戰略合作。爲了增強財務狀況,Tharimmune在2024年6月完成了一次定向增發,籌集了180萬美元的淨收益。該公司還與ATm達成協議,允許最多獲取165萬美元的額外資金。管理層承認對繼續作爲持續經營的企業存在重大懷疑,指出需要額外的資金來支持未來的運營。
Tharimmune發佈了2024年第三季度的財務報告,研發費用從去年同期的50萬美元增加至230萬美元,主要由於臨牀試驗的進展和許可費用的增加。公司在季度末的現金及現金等價物爲480萬美元,較2023年年末的1090萬美元有所下降。該公司在其臨牀管道中取得了顯著進展,包括推進TH104用於慢性瘙癢的治療並獨佔許可INt-023/TH023,這是一種口服抗TNF-α單克隆抗體。關鍵進展包括簽署TH104第二期臨牀試驗供應的製造協議,並與Intract Pharma和Enkefalos Biosciences達成戰略合作。爲了增強財務狀況,Tharimmune在2024年6月完成了一次定向增發,籌集了180萬美元的淨收益。該公司還與ATm達成協議,允許最多獲取165萬美元的額外資金。管理層承認對繼續作爲持續經營的企業存在重大懷疑,指出需要額外的資金來支持未來的運營。
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