earnings
confidence high
sentiment neutral
materiality 0.75
IN8bio reports FY2022 net loss $28.5M; cash $18.2M; clinical data positive
IN8BIO, INC.
- Cash $18.2M at Dec 31, 2022, down from $37.0M a year earlier; R&D spend $14.1M (FY2022) vs $7.3M.
- Net loss $28.5M ($1.36/share) for FY2022 vs $14.7M ($1.47/share) in FY2021; Q4 loss $7.8M ($0.32/share).
- INB-100 leukemia patients maintain durable complete responses beyond 18 months, up to 2.7 years in Phase 1.
- INB-200 GBM trial: two patients progression-free at 1.5 and 1.2 years; enrolling Cohort 3; updated data mid-2023.
- FDA cleared IND for INB-400 Phase 2 trial in GBM; enrollment expected H2 2023.