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Earnings Call Summary | Relmada Therapeutics(RLMD.US) Q2 2024 Earnings Conference

決算説明会要旨 | レルマダセラピューティクス(RLMD.US)第2四半期決算説明会

moomoo AI ·  08/09 07:01  · 電話会議

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

Financial Performance:

  • Relmada reported a decrease in R&D expenses for Q2 2024 to $10.7 million from $13.7 million in Q2 2023, attributing the decline to the completion of studies.

  • General and administrative expenses also decreased to $8.1 million in Q2 2024 from $12.3 million in the same period last year, mainly due to reduced stock-based compensation.

  • The net loss for the quarter was $17.8 million, compared to $25.3 million in Q2 2023.

  • Cash, cash equivalents, and short-term investments as of June 30, 2024, stood at approximately $70.4 million compared to $96.3 million as of December 31, 2023.

Business Progress:

  • Relmada is moving forward with its Phase 3 studies for REL-1017, targeting major depressive disorders, and plans to complete enrollment soon.

  • Announced plans to initiate a Phase 1 study for REL-P11, a psilocybin program intended for metabolic diseases, with Phase 2a to start in H1 2025.

Opportunities:

  • Planned completion of Phase 3 studies for REL-1017 could potentially lead to NDA submission, opening avenue to new markets if approved.

  • Launching a Phase 1 study for REL-P11 highlights expansion into treatment for metabolic disorders.

Risks:

  • The company acknowledged an approximately 80% screen failure rate in current studies versus 50% in prior studies, indicating potentially stringent or misaligned enrollment criteria that could delay timelines or affect study outcomes.

More details: Relmada Therapeutics IR

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.

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