earnings
confidence high
sentiment neutral
materiality 0.60
Design Therapeutics Q2 net loss $11.8M; cash $261M; FA and FECD programs on track
Design Therapeutics, Inc.
2024-Q2 EPS reported
-$0.41
- Net loss $11.8M for Q2 2024; R&D expense $10.5M, G&A expense $4.5M.
- Cash, cash equivalents and marketable securities $261.0M as of June 30; runway into 2029.
- FA program DT-216P2 on track to start patient trials in 2025 after GLP studies complete.
- FECD program DT-168 to begin Phase 1 in healthy volunteers in 2024; 200-patient observational study ongoing.