earnings
confidence high
sentiment neutral
materiality 0.65
AN2 Therapeutics Q3 2022: Cash $106.4M; ongoing epetraborole trial; NIAID contract up to $17.8M
AN2 Therapeutics, Inc.
2022-Q3 EPS reported
-$2.21
- Cash, cash equivalents and investments totaled $106.4M as of Sep 30, 2022; expected to fund operations through mid-2024.
- R&D expenses increased vs. Q3 2021 due to license fee, clinical activity, and personnel costs.
- Enrollment ongoing in pivotal Phase 2/3 trial of epetraborole for treatment-refractory MAC lung disease; Phase 2 top-line data expected ~9 months after enrollment completion.
- Awarded up to $17.8M NIAID contract to develop epetraborole for acute systemic melioidosis.
- Phase 1 study in Japanese subjects supports 500mg once-daily dose regardless of ADH genotype.