earnings
confidence high
sentiment neutral
materiality 0.65
Tyra Biosciences reports Q3 net loss $21.2M; cash $215.7M; advances TYRA-300 and TYRA-200 trials
Tyra Biosciences, Inc.
2023-Q3 EPS reported
-$1.09
- Q3 2023 net loss $21.2M vs $12.5M YoY; R&D expenses $19.3M (prior $10.9M).
- Cash and equivalents $215.7M as of Sept 30, 2023; funds operations for at least two years.
- SURF301 Phase 1/2 for TYRA-300 (FGFR3 inhibitor) dose escalation ongoing; preclinical achondroplasia data positive.
- TYRA-200 Phase 1 in FGFR2-altered cholangiocarcinoma on track to dose first patient by YE 2023.
- FDA granted TYRA-300 Orphan Drug Designation for achondroplasia in July 2023.