earnings
confidence high
sentiment neutral
materiality 0.70
MindMed Q3 net loss $13.7M; cash $295.3M; Phase 3 Voyage on track for Q4 2024
Definium Therapeutics, Inc.
2024-Q3 EPS reported
-$1.12
- Net loss $13.7M vs $17.9M a year ago; R&D expenses $17.2M (up $4.0M YoY) on MM120/MM402 programs.
- Cash and equivalents $295.3M as of Sep 30, 2024; expected to fund operations into 2027.
- Phase 3 Voyage study of MM120 ODT in GAD to start Q4 2024; 12-week topline data expected H1 2026.
- Phase 3 Panorama (GAD) and Phase 3 Emerge (MDD) studies on track to initiate in H1 2025.
- Completed Phase 1 study of MM402 (R(-)-MDMA) for Autism Spectrum Disorder in October 2024.