earnings
confidence high
sentiment neutral
materiality 0.60
BioAtla reports Q3 net loss $25.8M; cash $178.1M; BA3011 NSCLC shows 50% ORR in monotherapy
BioAtla, Inc.
2022-Q3 EPS reported
-$2.11
- Cash and cash equivalents $178.1M as of Sep 30, 2022, expected to fund operations into 2H24.
- Net loss $25.8M for Q3 2022 vs $22.9M in Q3 2021; R&D expense increased to $19.8M.
- BA3011 Phase 2 NSCLC: 4 PRs in monotherapy (ORR 50%) in non-squamous group; 1 CR in combination.
- BA3011 UPS part 2 enrollment anticipated to start by year-end after FDA feedback; potential registrational path.
- BA3071 Phase 1: first two cohorts completed without DLTs or SAEs; BA3182 IND on track by year-end.