The following is a summary of the Capricor Therapeutics, Inc. (CAPR) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Capricor Therapeutics reported $4 million in revenue for Q2 2024, compared to $3.9 million for Q2 2023.

• Cash, cash equivalents, and marketable securities as of June 30, 2024, totaled approximately $29.5 million, down from $39.5 million at the end of 2023.

• Net loss for Q2 2024 was approximately $11 million, compared to a net loss of $7.4 million for Q2 2023.

Business Progress:

• Regulatory progress towards a Biologics License Application (BLA) for deramiocel for the treatment of Duchenne muscular dystrophy (DMD).

• Partnership with Nippon Shinyaku potentially providing $700 million in milestones; approximately $90 million expected up to the time of approval related to deramiocel.

• Advancing the exosome-based platform technology, StealthX, for diverse therapeutic applications and engaging in business development activities.

Opportunities:

• Potential for deramiocel to become a backbone therapy for all individuals with DMD, citing significant slowing of disease progression.

• Strategic expansion into other diseases of inflammation and fibrosis and exploring additional indications such as Becker muscular dystrophy.

• Continued business development opportunities, including potential EU partnerships for deramiocel distribution.

Risks:

• Financial security is dependent on achieving regulatory and developmental milestones to receive milestone payments and support cash runway.

More details: Capricor Therapeutics IR

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