earnings
confidence high
sentiment positive
materiality 0.60
Enliven Therapeutics Q1 net loss $22.7M; ELVN-001 Phase 1 shows 44% MMR at 12 weeks
Enliven Therapeutics, Inc.
2024-Q1 EPS reported
-$0.54
- Net loss of $22.7M for Q1 2024 vs $14.7M in Q1 2023; cash, equivalents & marketable securities $320.5M.
- ELVN-001 Phase 1 proof-of-concept: 44% (7/16) cumulative MMR rate by week 12 in response-evaluable CML patients.
- Entered $90M PIPE financing from new/existing investors; expected cash runway into late 2026.
- Appointed Dr. Lori Kunkel to Board of Directors.
- Activated first site for ELVN-002 combo trial with trastuzumab in HER2+ cancers; first dosing expected Q2 2024.