earnings
confidence high
sentiment positive
materiality 0.65
Tenaya reports Q1 net loss $31.7M; cash $173.6M; TN-201 gets FDA Fast Track
Tenaya Therapeutics, Inc.
2023-Q1 EPS reported
-$0.43
- Cash, equivalents and marketable securities $173.6M as of March 31, 2023; runway into H1 2025.
- Net loss $31.7M ($0.43/share); R&D expense $25.6M, G&A $8.1M for Q1 2023.
- TN-201 (gene therapy for HCM) received FDA Fast Track designation; Phase 1b to start Q3 2023.
- Phase 1 dosing of TN-301 (HDAC6 inhibitor for HFpEF) complete; data expected H2 2023.
- New Scientific Advisory Board members (Drs. Seidman, Marson) and Technical Advisory Board formed.