earnings
confidence high
sentiment neutral
materiality 0.65
Synlogic reports Q4 2022 net loss $16.7M; PKU Phase 3 on track for H1 2023
SYNLOGIC, INC.
- Q4 2022 net loss $16.7M ($0.24/share) vs $15.1M ($0.21) in Q4 2021; full year net loss $66.1M ($0.92/share).
- Cash, cash equivalents and marketable securities $77.6M; projected runway into H2 2024.
- PKU program SYNB1934 on track for Phase 3 trial initiation in H1 2023; Rare Pediatric Disease Designation granted.
- SYNB1353 for HCU received Rare Pediatric Disease Designation; proof of mechanism in Phase 1 study.