earnings
confidence high
sentiment neutral
materiality 0.60
Lisata Therapeutics reports FY2022 financial results and provides business update
LISATA THERAPEUTICS, INC.
- Net loss for FY2022 was $54.2 million, including $30.4 million non-routine merger-related IPR&D expense.
- Cash, cash equivalents and marketable securities totaled $69.2 million as of December 31, 2022.
- LSTA1 Phase 2b ASCEND study in pancreatic cancer is ongoing; basket trial in other solid tumors planned for H1 2023.
- HONEDRA for critical limb ischemia is in pre-consultation with Japan's PMDA; partner search continues.
- XOWNA development suspended; LSTA201 proof-of-concept study did not show consistent kidney function improvement.