earnings
confidence high
sentiment positive
materiality 0.70
Aura Biosciences reports Q3 2022 net loss of $15.9M; initiates global Phase 3 trial for bel-sar in choroidal melanoma
Aura Biosciences, Inc.
2022-Q3 EPS reported
-$1.44
- Net loss $15.9M for Q3 2022 vs $8.8M YoY; cash $111.5M sufficient into 2024.
- Research & development expenses $11.3M (+77% YoY); G&A $4.8M (+92% YoY).
- Global Phase 3 trial for bel-sar in early-stage choroidal melanoma initiated: 3-arm, masked, ~75 patients, adaptive design.
- Positive Phase 2 interim data: tumor growth rate reduction (p=0.0007), 88.9% tumor control rate, favorable safety.
- First patient dosed in Phase 1 for NMIBC; initial data expected in 2023.