earnings
confidence high
sentiment neutral
materiality 0.60
Tango Therapeutics Q4 2023 net loss $30.8M; cash $336.9M; pipeline advances
Tango Therapeutics, Inc.
- Net loss Q4 2023 $30.8M ($0.32/sh); full year net loss $101.7M ($1.08/sh).
- Cash $336.9M at Dec 31, 2023; plus $41.7M from Jan 2024 ATM; runway into late 2026.
- Four phase 1/2 trials ongoing; TNG908 clinical data expected 2024; first patient dosed for TNG348.
- FDA Orphan Drug Designation granted for TNG462 for soft tissue sarcomas.
- Appointed Chief Regulatory Officer, Chief Development Operations Officer, Chief Legal Officer.