earnings
confidence high
sentiment neutral
materiality 0.60
Reneo reports Q3 net loss $13.0M, >80% enrolled in pivotal STRIDE study
OnKure Therapeutics, Inc.
2022-Q3 EPS reported
-$1.57
- Net loss of $13.0M ($0.53 per share) vs $12.7M ($0.52) in Q3 2021.
- Cash, equivalents & short-term investments total $116M as of Sept 30, 2022.
- Over 80% enrollment in pivotal STRIDE study for PMM with mtDNA defects; topline data expected Q4 2023.
- Positive Phase 1b results in LC-FAOD patients; planning Phase 2 study.
- FDA and EMA confirmed positive data from STRIDE/STRIDE AHEAD could support registration.