The following is a summary of the Plus Therapeutics, Inc. (PSTV) Q2 2024 Earnings Call Transcript:
Financial Performance:
Plus Therapeutics reported cash and investments balance of $8.4 million as of June 30, 2024.
The company recognized $2.9 million in grant revenue for the first half of 2024, showing an increase compared to $2.3 million in the same period of 2023.
Total operating loss for the first half of 2024 was $7 million, an increase from $6.2 million in the previous year.Net loss for the first half of 2024 amounted to $6.2 million, or $1.15 per share.
Business Progress:
Plus Therapeutics highlighted significant clinical progress with the ReSPECT-LM and FORESEE trials.
The addition of Dr. Greg Fuller as the full-time Medical Director of the CNSide lab to oversee lab operations and support LM therapeutic objectives.
Opportunities:
CNSide diagnostic demonstrated influence over 90% of clinical decisions, highlighting its potential utility in treatment decision making.
Expansion of operational capabilities and staff in the CNSide diagnostic facilities, anticipating increased testing demand.
Risks:
No explicit risks detected.
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