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Shattuck Labs | 10-Q: Q3 2024 Earnings Report

Shattuck Labs | 10-Q: Q3 2024 Earnings Report

Shattuck Labs | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/14 04:10

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Shattuck Labs reported a Q3 2024 net loss of $16.7 million compared to $27.5 million in Q3 2023, with collaboration revenue increasing to $3.0 million from $0.7 million. Research and development expenses decreased 32.6% to $16.3 million, while cash and investments totaled $90.1 million as of September 30, 2024, expected to fund operations into 2027.The company announced a strategic restructuring to prioritize development of its DR3 program, including lead candidate SL-325 for inflammatory bowel disease. The restructuring involves discontinuing the SL-172154 program and reducing workforce by approximately 40%, with expected restructuring charges between $1.5-1.75 million to be recognized in Q4 2024.The company's lead program SL-325, a potential first-in-class DR3 antagonist antibody, is advancing in preclinical development with IND filing expected in Q3 2025. Additionally, Shattuck mutually agreed to terminate its collaboration agreement with Ono Pharmaceutical on September 30, 2024, after recognizing $5.4 million in revenue from the partnership during the first nine months of 2024.
Shattuck Labs reported a Q3 2024 net loss of $16.7 million compared to $27.5 million in Q3 2023, with collaboration revenue increasing to $3.0 million from $0.7 million. Research and development expenses decreased 32.6% to $16.3 million, while cash and investments totaled $90.1 million as of September 30, 2024, expected to fund operations into 2027.The company announced a strategic restructuring to prioritize development of its DR3 program, including lead candidate SL-325 for inflammatory bowel disease. The restructuring involves discontinuing the SL-172154 program and reducing workforce by approximately 40%, with expected restructuring charges between $1.5-1.75 million to be recognized in Q4 2024.The company's lead program SL-325, a potential first-in-class DR3 antagonist antibody, is advancing in preclinical development with IND filing expected in Q3 2025. Additionally, Shattuck mutually agreed to terminate its collaboration agreement with Ono Pharmaceutical on September 30, 2024, after recognizing $5.4 million in revenue from the partnership during the first nine months of 2024.
Shattuck Labs報告2024年第三季度淨虧損爲1670萬美元,相較於2023年第三季度的2750萬美元,合作營收從70萬美元增長至300萬美元。研發費用下降32.6%至1630萬美元,截至2024年9月30日,現金及投資總額爲9010萬美元,預計可支撐運營至2027年。公司宣佈進行戰略重組,以優先發展其DR3項目,包括針對炎症性腸病的主要候選藥物SL-325。重組涉及暫停SL-172154項目,並將 workforce 減少約40%,預計在2024年第四季度確認150-175萬美元的重組費用。公司的主要項目SL-325,一種潛在的首創DR3拮抗抗體,正在進行臨牀前開發,預計將在2025年第三季度提交IND申請。此外,Shattuck與大冢藥品於2024年9月30日共同達成協議,終止合作協議,在2024年前九個月中從合作中確認540萬美元的營收。
Shattuck Labs報告2024年第三季度淨虧損爲1670萬美元,相較於2023年第三季度的2750萬美元,合作營收從70萬美元增長至300萬美元。研發費用下降32.6%至1630萬美元,截至2024年9月30日,現金及投資總額爲9010萬美元,預計可支撐運營至2027年。公司宣佈進行戰略重組,以優先發展其DR3項目,包括針對炎症性腸病的主要候選藥物SL-325。重組涉及暫停SL-172154項目,並將 workforce 減少約40%,預計在2024年第四季度確認150-175萬美元的重組費用。公司的主要項目SL-325,一種潛在的首創DR3拮抗抗體,正在進行臨牀前開發,預計將在2025年第三季度提交IND申請。此外,Shattuck與大冢藥品於2024年9月30日共同達成協議,終止合作協議,在2024年前九個月中從合作中確認540萬美元的營收。
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