earnings
confidence high
sentiment neutral
materiality 0.70
Aura Biosciences Q4/Full Year 2022 Net Loss $58.8M; Phase 3 Trial on Track, FDA Fast Track for Choroidal Metastasis
Aura Biosciences, Inc.
- Net loss of $58.8M for FY2022 vs $35.3M in 2021; cash & securities $188.8M sufficient into 2025.
- FDA granted Fast Track Designation for bel-sar in choroidal metastasis, second ocular oncology indication.
- Global Phase 3 trial in early-stage choroidal melanoma on track to dose first patient in 1H 2023.
- Positive interim Phase 2 data: 100% tumor control rate, statistically significant reduction in growth rate (p<0.0001) at 9-month follow-up.
- Raised $92.5M gross proceeds in oversubscribed follow-on public offering in December 2022.