earnings
confidence high
sentiment neutral
materiality 0.60
Tyra Biosciences Q1 net loss $11.9M, cash $241.7M; programs advance
Tyra Biosciences, Inc.
2023-Q1 EPS reported
-$0.28
- Net loss $11.9M vs $14.8M YoY; R&D expense $10.4M, G&A $3.9M.
- Cash and equivalents $241.7M, expected to fund operations >2 years.
- SURF301 Phase 1/2 of TYRA-300 for FGFR3+ tumors continues enrolling patients.
- TYRA-300 development expanded into achondroplasia; IND submission targeted in 2024.
- TYRA-200 IND cleared by FDA; Phase 1 for cholangiocarcinoma on track for 2H 2023.