earnings
confidence high
sentiment neutral
materiality 0.60
Reneo Pharma Q1 net loss $15.1M; STRIDE enrollment complete, topline 4Q23
OnKure Therapeutics, Inc.
2023-Q1 EPS reported
-$0.60
- Net loss of $15.1M ($0.60/sh) vs $13.0M ($0.53) in Q1 2022.
- Cash, equivalents, and short-term investments totaled $93.8M as of March 31, 2023.
- Completed enrollment of pivotal STRIDE study (213 patients); topline results expected Q4 2023.
- Raised $68.3M gross from public offering and private placement in May 2023.
- Received FDA Fast Track designation for mavodelpar in long-chain fatty acid oxidation disorder.