earnings
confidence high
sentiment neutral
materiality 0.55
Corbus Q3 net loss $10.1M; pipeline progress with CRB-701, CRB-601, CRB-913
Corbus Pharmaceuticals Holdings, Inc.
2023-Q3 EPS reported
-$8.52
- Net loss of $10.1M ($2.27 per diluted share) vs $8.8M ($2.11) in Q3 2022.
- Cash, equivalents, and investments of $28.7M as of Sept 30, 2023.
- CRB-701 Phase 1 dose escalation ongoing; early clinical data expected Q1 2024 alongside U.S./EU trial start.
- IND submission for CRB-601 on track for Q4 2023; pre-clinical data presented at SITC.
- CRB-913 pre-clinical study published in Obesity; shows no lean muscle loss when combined with incretins.