earnings
confidence high
sentiment positive
materiality 0.65
Tyra Biosciences reports 2022 net loss of $55.3M; cash $251.2M; TYRA-300 in clinic for oncology and achondroplasia
Tyra Biosciences, Inc.
- Q4 2022 net loss $12.9M vs $9.9M in Q4 2021; full year net loss $55.3M vs $26.3M.
- Cash and equivalents $251.2M as of Dec 31, 2022; provides >2 years runway.
- Initiated patient dosing with TYRA-300 in Phase 1/2 SURF301 oncology study in Nov 2022.
- Expanded TYRA-300 development into achondroplasia; IND planned for Phase 2 in 2024.
- FDA cleared IND for TYRA-200 Phase 1 study in FGFR-resistant cholangiocarcinoma; first patient expected 2H 2023.