earnings
confidence high
sentiment neutral
materiality 0.55
Aura Biosciences Q2 2022 net loss $13.5M; cash $122.1M; NMIBC trial on track
Aura Biosciences, Inc.
2022-Q2 EPS reported
-$0.90
- Net loss $13.5M for Q2 2022 vs $8.9M in Q2 2021; R&D expense rose to $9.5M from $6.6M.
- Cash and equivalents $122.1M; sufficient to fund operations into 2024.
- On track to dose first patient in Phase 1 NMIBC trial in Q3 2022; FDA Fast Track granted.
- On track to initiate pivotal trial in early-stage choroidal melanoma in Q4 2022.
- Plans to file IND for choroidal metastases in Q4 2022.