earnings
confidence high
sentiment neutral
materiality 0.70
Reneo Q2 net loss $19.5M; STRIDE topline results expected Q4 2023
OnKure Therapeutics, Inc.
2023-Q2 EPS reported
-$1.25
- Net loss $19.5M ($0.65/share) vs $12.3M ($0.50) in Q2 2022.
- Cash and investments $142.7M as of June 30; raised $68.3M gross in May offering.
- Topline data from pivotal mavodelpar STRIDE study in PMM due in Q4 2023.
- Over 130 patients enrolled in STRIDE AHEAD OLE study; criteria expanded to nDNA defects.
- R&D expenses $14.4M (up from $8.1M) driven by clinical and manufacturing costs for mavodelpar.