earnings
confidence high
sentiment neutral
materiality 0.70
TScan Q2 net loss $24M, cash $208.8M; heme and solid tumor trials advancing
TScan Therapeutics, Inc.
2023-Q2 EPS reported
-$1.30
revenue$9,951,000
- Net loss of $24.0M in Q2 2023, vs $15.1M in Q2 2022; revenue $3.1M (down from $4.1M).
- Ended Q2 2023 with cash $208.8M; raising $134.7M net from June public offering; funded into 2026.
- FDA cleared IND for TSC-200-A0201 (HPV16); third solid tumor IND; three TCR-Ts to enter Phase 1 basket study H2 2023.
- Heme malignancies: TSC-100/101 at dose level 2, no DLTs; expect RP2D and interim data by end of 2023.
- Plans to file INDs for three more TCR-Ts by year-end, including PRAME-targeting TSC-203-A0201.