earnings
confidence high
sentiment negative
materiality 0.60
AN2 Therapeutics reports Q1 net loss of $15.3M; Phase 2/3 trial enrollment on track
AN2 Therapeutics, Inc.
2023-Q1 EPS reported
-$0.79
- Net loss of $15.3M for Q1 2023, compared to $7.7M in Q1 2022.
- R&D expenses $12.0M (up from $5.6M); G&A expenses $4.1M (up from $2.1M).
- Cash, cash equivalents and investments totaled $88.5M at March 31, 2023.
- Nearly 80 clinical sites active in pivotal Phase 2/3 trial of epetraborole for treatment-refractory MAC lung disease.
- Expects to complete Phase 2 enrollment mid-2023; top-line data ~9 months after enrollment completion.