The following is a summary of the Cardiff Oncology, Inc. (CRDF) Q2 2024 Earnings Call Transcript:
Financial Performance:
As of June 30, 2024, cash and short-term investments totaled $60.3 million.
Cash used in operating activities for Q2 2024 was $9.2 million.
Updated cash runway guidance indicates resources lasting until the end of Q3 2025.
Business Progress:
Cardiff Oncology is progressing with the CRDF-004 trial in RAS-mutated metastatic colorectal cancer.
Plans to enroll 90 patients in the CRDF-004 trial across 33 sites.
Additionally, a new investigator-initiated trial combining onvansertib with NALIRIFOX for first-line metastatic PDAC is planned, following the approval of NALIRIFOX.
Opportunities:
Onvansertib shows potential in various cancer subtypes beyond colorectal, including pancreatic and ovarian cancers.
Preclinical studies suggest onvansertib's efficacy in overcoming resistance to PARP inhibitors in ovarian cancer.
Risks:
No explicit risks detected.
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