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C4 Therapeutics | 8-K: C4 Therapeutics Reports Second Quarter 2024 Financial Results and Recent Business Highlights

C4 Therapeutics | 8-K: C4 Therapeutics Reports Second Quarter 2024 Financial Results and Recent Business Highlights

C4 Therapeutics | 8-K:C4 Therapeutics公布2024年第二季度财务业绩和近期业务亮点
美股SEC公告 ·  2024/08/01 06:17

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C4 Therapeutics reported Q2 2024 financial results with revenue of $12.0M, up from $2.7M in Q2 2023, primarily due to an $8.0M milestone payment from Biogen. The company ended Q2 with $295.7M in cash, providing runway into 2027. Net loss was $17.7M ($0.26 per share), improved from $35.9M ($0.73 per share) in Q2 2023.The company's lead programs continue advancing, with CFT1946 Phase 1 trial data for BRAF V600X solid tumors to be presented at ESMO Congress 2024. The trial has completed enrollment at dose level 5 (640mg BID) and opened expansion cohorts in melanoma and colorectal cancer. Cemsidomide's Phase 1 trial in multiple myeloma and non-Hodgkin's lymphoma is progressing through dose escalation, with data expected in Q4 2024.R&D expenses decreased to $23.8M from $29.9M year-over-year due to program prioritization, while G&A expenses reduced to $9.7M from $10.3M. The company appointed Ron Cooper as Board Chairman in June 2024 to lead its next growth phase.
C4 Therapeutics reported Q2 2024 financial results with revenue of $12.0M, up from $2.7M in Q2 2023, primarily due to an $8.0M milestone payment from Biogen. The company ended Q2 with $295.7M in cash, providing runway into 2027. Net loss was $17.7M ($0.26 per share), improved from $35.9M ($0.73 per share) in Q2 2023.The company's lead programs continue advancing, with CFT1946 Phase 1 trial data for BRAF V600X solid tumors to be presented at ESMO Congress 2024. The trial has completed enrollment at dose level 5 (640mg BID) and opened expansion cohorts in melanoma and colorectal cancer. Cemsidomide's Phase 1 trial in multiple myeloma and non-Hodgkin's lymphoma is progressing through dose escalation, with data expected in Q4 2024.R&D expenses decreased to $23.8M from $29.9M year-over-year due to program prioritization, while G&A expenses reduced to $9.7M from $10.3M. The company appointed Ron Cooper as Board Chairman in June 2024 to lead its next growth phase.
C4 Therapeutics公布了2024年第二季度的财务业绩,营业收入为1200万美元,较2023年第二季度的270万美元增长,主要得益于渤健公司支付的800万美元里程碑款项。公司在第二季度末现金余额为29570万美元,提供了持续运营的资金支持,延续到2027年。净亏损为1770万美元(每股0.26美元),相比于2023年第二季度的3590万美元(每股0.73美元)有所改善。公司的主要项目持续推进,CFT1946在ESMO 2024大会上将展示BRAF V600X固体肿瘤的第一阶段临床试验数据。该试验已在剂量水平5(640mg BID)完成入组,并在黑色素瘤和结直肠癌领域开启扩展队列。Ce...展开全部
C4 Therapeutics公布了2024年第二季度的财务业绩,营业收入为1200万美元,较2023年第二季度的270万美元增长,主要得益于渤健公司支付的800万美元里程碑款项。公司在第二季度末现金余额为29570万美元,提供了持续运营的资金支持,延续到2027年。净亏损为1770万美元(每股0.26美元),相比于2023年第二季度的3590万美元(每股0.73美元)有所改善。公司的主要项目持续推进,CFT1946在ESMO 2024大会上将展示BRAF V600X固体肿瘤的第一阶段临床试验数据。该试验已在剂量水平5(640mg BID)完成入组,并在黑色素瘤和结直肠癌领域开启扩展队列。Cemsidomide在多发性骨髓瘤和非霍奇金淋巴瘤的第一阶段临床试验正在进行剂量递增,预计将在2024年第四季度公布数据。研发费用从2980万美元减少至2380万美元,同比下降,因项目优先级调整,而一般行政费用从1030万美元减少至970万美元。公司在2024年6月任命Ron Cooper为董事会主席,领导其下一个增长阶段。
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