earnings
confidence high
sentiment neutral
materiality 0.65
Vaxcyte reports Q2 net loss $68.3M, cash $1.44B, VAX-24 infant Phase 2 advanced to Stage 2
Vaxcyte, Inc.
2023-Q2 EPS reported
-$1.40
- Cash $1.44B as of June 30, includes $545M net from April public offering.
- Net loss $68.3M for Q2 2023 vs $48.5M in Q2 2022; R&D expenses $72.7M.
- VAX-24 infant Phase 2 advanced to final stage; topline primary data expected by 2025.
- VAX-24 adult Phase 2 positive; Phase 3 topline data expected 2025; VAX-31 IND clearance expected Q4 2023.
- Board member Michael Kamarck passed away in July 2023.