earnings
confidence high
sentiment neutral
materiality 0.55
Design Therapeutics reports Q3 2021 net loss $11.3M; FA program on track for H1 2022
Design Therapeutics, Inc.
2022-Q3 EPS reported
-$0.57
- Net loss $11.3M for Q3 2021; R&D expenses $8.5M, G&A $2.8M.
- Cash, cash equivalents and securities total $393.7M as of Sept 30, 2021.
- FA GeneTAC candidate on track for Phase 1 initiation in H1 2022; topline data expected in 2022.
- DM1 program: preclinical data show near-complete resolution of foci; clinical start planned for 2023.
- Company to present at Piper Healthcare Conference Nov 30 – Dec 2, 2021.