The following is a summary of the MiNK Therapeutics, Inc. (INKT) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

• MiNK ended Q3 2024 with a cash balance of $6.3 million.

• Cash used in operations for Q3 2024 was $3 million, significantly reduced from the same period in 2023.

• Net loss for Q3 2024 was $1.8 million, or $0.05 per share.

Business Progress:

• MiNK advanced its clinical programs, particularly with its lead program, 797, in a Phase 2 trial for advanced gastric cancer.

• Showcased data on innovative iNKT cell therapy programs at the SITC annual meeting, indicating possibilities for enhancing existing cancer treatments.

• Introduced Dr. Bob Kadlec to the Board of Directors, adding significant strategic value in public health and biodefense.

Opportunities:

• Potential expansion of iNKT cell therapies in tackling infectious diseases and high-impact health challenges, reinforced by strategic collaborations.

• Development of GvHC prevention and treatment programs, targeting acute and chronic complications in allogeneic stem cell transplantation.

Risks:

• Relatively low financial reserves, with a need to prioritize financial discipline and strategic initiatives to strengthen financial stability.

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