earnings
confidence high
sentiment positive
materiality 0.70
Janux Q3 net loss $16.7M; first patient dosed in JANX007 Phase 1 trial
Janux Therapeutics, Inc.
2022-Q3 EPS reported
-$1.13
revenue$5,767,000
- Q3 2022 net loss of $16.7M vs $10.8M prior year; R&D spend $13.7M (up from $8.4M).
- Cash and short-term investments $338.8M at Sep 30, 2022, down from $375.0M at Dec 31, 2021.
- First patient dosed with JANX007 in Phase 1 trial for prostate cancer; interim data expected 2H 2023.
- IND for EGFR-TRACTr (JANX008) on track for 2H 2022; PD-L1xCD28 TRACIr (JANX009) IND planned for 2023.
- Strengthened management with new HR head and board addition Winston Kung.