earnings
confidence high
sentiment positive
materiality 0.80
PMV Pharma reports Q3 loss, PC14586 Phase 1 data shows 38% ORR at RP2D
PMV Pharmaceuticals, Inc.
2023-Q3 EPS reported
-$1.13
- Net loss 9mo $53.2M vs $54.0M YoY; cash $238.1M as of Sep 30, 2023.
- PC14586 PYNNACLE: 38% ORR at 2000 mg RP2D (6/16 evaluable, TP53 Y220C/KRAS wild-type).
- Median duration of response 7 months across ovarian, breast, prostate, SCLC, endometrial cancers.
- Registrational Phase 2 trial to start Q1 2024; RP2D aligned with FDA in Q3 2023 meeting.
- Raised $35.1M net via ATM facility during 9mo; R&D expenses increased to $42.5M.