earnings
confidence high
sentiment positive
materiality 0.75
Poseida Q1 rev $28.1M, net loss $24.3M; Astellas $50M upfront collab, new CMO
Poseida Therapeutics, Inc.
2024-Q1 EPS reported
-$0.25
revenue$28,142,000
- Revenue $28.1M vs $10.3M YoY; net loss $24.3M vs $38.8M; cash $198.6M, runway into H2 2025.
- Astellas research collaboration: $50M upfront, up to $550M milestones, low double-digit royalties for solid tumor CAR-T.
- Roche partnership: $30M milestone in Q1, $15M expected May 2024; total $95M in 2024 milestones/upfront.
- P-BCMA-ALLO1 data: 60% overall response rate in RRMM patients after prior BCMA-directed therapy.
- Appointed Syed Rizvi, M.D., as Chief Medical Officer in April 2024.