The following is a summary of the BiomX Inc. (PHGE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Cash, cash equivalents, and short-term deposits totaled $24.7 million as of September 30, 2024, down from $30.7 million as of December 31, 2023.

• R&D expenses increased to $7.3 million in Q3 2024, up from $5.6 million in Q3 2023, mainly due to preparations for the Phase 2b trial of BX004 and clinical trial expenses for BX211.

• G&A expenses rose to $3.2 million in Q3 2024, from $2.2 million in the same quarter the previous year, reflecting higher costs related to the acquisition of Adaptive Phage Therapeutics.

• Net income reached $9.6 million in Q3 2024, a significant turnaround from a net loss of $7.9 million in Q3 2023.

Business Progress:

• BiomX completed patient enrollment for the Phase 2 trial of BX211 for diabetic foot osteomyelitis (DFO), with top line results expected in Q1 2025.

• Presented positive safety and efficacy results from the BX004 Phase 1b/2a trial at major scientific conferences.

• Expects to report top line results for the BX004 Phase 2b study in H1 2026 due to manufacturing delays now resolved.

Opportunities:

• The ongoing development and potential of phage-based therapies in addressing antibiotic-resistant infections and associated conditions like DFO and cystic fibrosis.

Risks:

• The initial slow progression and the potential delays in the clinical development timeline for BX004 due to scaling of manufacturing process.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.