earnings
confidence high
sentiment neutral
materiality 0.60
PMV Pharma Q3 net loss $19.2M; cash runway to end 2026; Phase 2 enrollment on track
PMV Pharmaceuticals, Inc.
2024-Q3 EPS reported
-$0.69
- Net loss $19.2M in Q3 2024 vs $16.6M Q3 2023; R&D spend rose to $16.9M on trial costs.
- Cash $197.9M at Sep 30, 2024; provides expected runway to end of 2026.
- Phase 2 PYNNACLE trial enrollment on track; >75% sites activated; interim analysis expected mid-2025.
- Investigator-initiated Phase 1b of rezatapopt in AML/MDS with MD Anderson and MSKCC; enrollment planned Q1 2025.
- Discontinued Phase 1b combination arm with pembrolizumab due to dose-limiting toxicities and limited benefit.