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In8bio | 10-Q: Q3 2024 Earnings Report

In8bio | 10-Q: Q3 2024 Earnings Report

In8bio | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/13 05:40

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IN8bio reported Q3 2024 financial results with a net loss of $7.1 million and cash position of $4.0 million as of September 30, 2024. The company announced a strategic pipeline prioritization focusing on INB-100 development while suspending INB-400 enrollment, along with a 49% workforce reduction. In October 2024, the company raised $11.6 million through a private placement of shares and warrants.Research and development expenses decreased to $3.3 million from $3.8 million in Q3 2023, while general and administrative expenses declined to $2.7 million from $3.4 million. The company recorded $1.1 million in one-time severance charges related to the workforce reduction. The existing cash plus private placement proceeds are expected to fund operations through December 2025.The company's lead candidate INB-100 continues to show promising data in leukemia patients, with 100% of evaluable patients remaining alive and progression-free through one year as of May 2024. The company plans to present updated INB-100 data at upcoming medical meetings and is exploring partnership opportunities for its GBM program following the suspension of INB-400 development.
IN8bio reported Q3 2024 financial results with a net loss of $7.1 million and cash position of $4.0 million as of September 30, 2024. The company announced a strategic pipeline prioritization focusing on INB-100 development while suspending INB-400 enrollment, along with a 49% workforce reduction. In October 2024, the company raised $11.6 million through a private placement of shares and warrants.Research and development expenses decreased to $3.3 million from $3.8 million in Q3 2023, while general and administrative expenses declined to $2.7 million from $3.4 million. The company recorded $1.1 million in one-time severance charges related to the workforce reduction. The existing cash plus private placement proceeds are expected to fund operations through December 2025.The company's lead candidate INB-100 continues to show promising data in leukemia patients, with 100% of evaluable patients remaining alive and progression-free through one year as of May 2024. The company plans to present updated INB-100 data at upcoming medical meetings and is exploring partnership opportunities for its GBM program following the suspension of INB-400 development.
In8bio公佈了2024年第三季度的財務結果,淨虧損爲710萬美元,截至2024年9月30日,現金持有量爲400萬美元。該公司宣佈了戰略管道優先事項,專注於INb-100的開發,同時暫停INb-400的入組,並進行49%的人員裁減。2024年10月,該公司通過定向增發股份和Warrants籌集了1160萬美元。研發費用從2023年第三季度的380萬美元減少至330萬美元,而一般和行政費用則從340萬美元減少至270萬美元。該公司記錄了與人員裁減相關的一次性遣散費爲110萬美元。現有現金加上定向增發所得預計將能支持運營至2025年12月。該公司的主要候選藥物INb-100在白血病患者中繼續顯示出良好的數據,截至2024年5月,100%可評估患者在一年內生存且無進展。該公司計劃在即將到來的醫療會議上展示更新後的INb-100數據,並正在探索其GBm項目的合作機會,此前已暫停INb-400的開發。
In8bio公佈了2024年第三季度的財務結果,淨虧損爲710萬美元,截至2024年9月30日,現金持有量爲400萬美元。該公司宣佈了戰略管道優先事項,專注於INb-100的開發,同時暫停INb-400的入組,並進行49%的人員裁減。2024年10月,該公司通過定向增發股份和Warrants籌集了1160萬美元。研發費用從2023年第三季度的380萬美元減少至330萬美元,而一般和行政費用則從340萬美元減少至270萬美元。該公司記錄了與人員裁減相關的一次性遣散費爲110萬美元。現有現金加上定向增發所得預計將能支持運營至2025年12月。該公司的主要候選藥物INb-100在白血病患者中繼續顯示出良好的數據,截至2024年5月,100%可評估患者在一年內生存且無進展。該公司計劃在即將到來的醫療會議上展示更新後的INb-100數據,並正在探索其GBm項目的合作機會,此前已暫停INb-400的開發。
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