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HOOKIPA Pharma | 10-Q: Q3 2024 Earnings Report

HOOKIPA Pharma | 10-Q: Q3 2024 Earnings Report

HOOKIPA Pharma | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/15 11:32

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HOOKIPA Pharma reported Q3 2024 financial results with revenue of $4.7M, down from $6.9M in Q3 2023, primarily due to the termination of the Roche collaboration agreement. Net loss improved to $13.8M compared to $19.1M in the prior year period. Research and development expenses decreased to $15.6M from $24.6M, reflecting cost reduction initiatives.The company ended the quarter with $60.0M in cash and cash equivalents, down from $117.1M at year-end 2023. Management implemented strategic restructuring plans, including workforce reductions of approximately 50% in total through two phases, to prioritize development of eseba-vec for HPV16+ head and neck cancers and Gilead-partnered infectious disease programs.HOOKIPA reported positive clinical data for eseba-vec in first-line HPV16+ PD-L1+ oropharynx cancer patients, with a 55% overall response rate at the selected Phase 3 dose. The company faces substantial doubt about its ability to continue as a going concern and will require additional funding to advance its pipeline. Management is pursuing cost reductions and additional capital through various financing options.
HOOKIPA Pharma reported Q3 2024 financial results with revenue of $4.7M, down from $6.9M in Q3 2023, primarily due to the termination of the Roche collaboration agreement. Net loss improved to $13.8M compared to $19.1M in the prior year period. Research and development expenses decreased to $15.6M from $24.6M, reflecting cost reduction initiatives.The company ended the quarter with $60.0M in cash and cash equivalents, down from $117.1M at year-end 2023. Management implemented strategic restructuring plans, including workforce reductions of approximately 50% in total through two phases, to prioritize development of eseba-vec for HPV16+ head and neck cancers and Gilead-partnered infectious disease programs.HOOKIPA reported positive clinical data for eseba-vec in first-line HPV16+ PD-L1+ oropharynx cancer patients, with a 55% overall response rate at the selected Phase 3 dose. The company faces substantial doubt about its ability to continue as a going concern and will require additional funding to advance its pipeline. Management is pursuing cost reductions and additional capital through various financing options.
HOOKIPA Pharma公佈了2024年第三季度的財務業績,營業收入爲470萬美元,較2023年第三季度的690萬美元下降,主要是由於終止了與羅氏(Roche)的合作協議。淨虧損改善至1380萬美元,而去年同期爲1910萬美元。研發費用從2460萬美元下降至1560萬美元,反映了成本削減措施。公司在季度結束時持有6000萬美元的現金及現金等價物,較2023年年末的11710萬美元有所下降。管理層實施了戰略重組計劃,包括通過兩個階段總計減少約50%的員工,以優先推進針對HPV16+頭頸癌的eseba-vec的開發以及與吉利德(Gilead)合作的傳染病項目。HOOKIPA報告了eseba-vec在一線HPV16+ PD-L1+齶咽癌患者中的積極臨牀數據,在選定的第三階段劑量中,總體反應率爲55%。公司面臨重大疑慮,關於其持續經營的能力,並將需要額外資金以推進其管線。管理層正在通過各種融資選項尋求成本降低和額外資金。
HOOKIPA Pharma公佈了2024年第三季度的財務業績,營業收入爲470萬美元,較2023年第三季度的690萬美元下降,主要是由於終止了與羅氏(Roche)的合作協議。淨虧損改善至1380萬美元,而去年同期爲1910萬美元。研發費用從2460萬美元下降至1560萬美元,反映了成本削減措施。公司在季度結束時持有6000萬美元的現金及現金等價物,較2023年年末的11710萬美元有所下降。管理層實施了戰略重組計劃,包括通過兩個階段總計減少約50%的員工,以優先推進針對HPV16+頭頸癌的eseba-vec的開發以及與吉利德(Gilead)合作的傳染病項目。HOOKIPA報告了eseba-vec在一線HPV16+ PD-L1+齶咽癌患者中的積極臨牀數據,在選定的第三階段劑量中,總體反應率爲55%。公司面臨重大疑慮,關於其持續經營的能力,並將需要額外資金以推進其管線。管理層正在通過各種融資選項尋求成本降低和額外資金。
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