Coya Therapeutics reports FY2022 net loss of $12.2M; positive ALS data for COYA 302

Coya Therapeutics, Inc.

Net loss of $12.2M for FY2022 vs $4.9M in FY2021; R&D expense rose to $4.4M from $2.5M.
Cash and cash equivalents $5.9M at Dec 31, 2022; IPO net proceeds of $14.5M received in Jan 2023.
Positive proof-of-concept data for COYA 302 in ALS: halted disease progression over 6 months in 4 patients.
Entered worldwide agreement with Dr. Reddy's to in-license abatacept biosimilar and out-license COYA 301.
Anticipates IND filing for COYA 301 in FTD and COYA 302 in neurodegenerative diseases in H2 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Coya Therapeutics, Inc. reported fiscal year ended December 31, 2022 results: net income $12.2 million.

Period: fiscal year ended December 31, 2022
Net income: $12.2 million
Result: reported results

Exact text from the filing

On March 29, 2023, Coya Therapeutics, Inc. (the “Company”) issued a press release disclosing certain information regarding its results of operations for the fiscal year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-010589

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