earnings
confidence high
sentiment neutral
materiality 0.60
Aura Biosciences reports FY2021 net loss $35.3M; cash $149.1M into 2024
Aura Biosciences, Inc.
- Net loss for FY2021 was $35.3M, up from $22.2M in FY2020; R&D expenses rose to $25.2M.
- Cash and equivalents totaled $149.1M at Dec 31, 2021; runway into 2024.
- On track to initiate pivotal trial in choroidal melanoma and Phase 1 in NMIBC in 2H 2022.
- European Commission granted Orphan Drug Designation for AU-011 in uveal melanoma.
- John Maraganore, former Alnylam CEO, joins as strategic advisor.