earnings
confidence high
sentiment neutral
materiality 0.60
AN2 Therapeutics Q3 net loss $16.7M; epetraborole Phase 3 enrollment underway
AN2 Therapeutics, Inc.
2023-Q3 EPS reported
-$2.22
- Net loss $16.7M for Q3 2023, up from $11.3M in Q3 2022; R&D and G&A expenses increased.
- Cash and investments $150.2M at Sept 30; $70M raised in August stock offering; cash runway through summer 2025.
- Phase 3 part of pivotal epetraborole trial in refractory MAC lung disease initiated; Phase 2 top-line data expected summer 2024.
- Received Bill & Melinda Gates Foundation grant for TB/malaria; exclusive license for Chagas disease candidate AN2-502998.