earnings
confidence high
sentiment neutral
materiality 0.60
Eloxx reports Q3 net loss of $9.9M; Phase 2 CF data on track for Q4 2021
Eloxx Pharmaceuticals, Inc.
2022-Q3 EPS reported
-$0.85
- Net loss of $9.9M ($0.11/share) vs $6.6M loss; R&D spending rose to $5.2M.
- Cash $52.4M as of Sep 30, 2021; expected to fund operations into Q1 2023.
- Entered debt facility with Hercules Capital for up to $30M, initial draw $12.5M.
- Appointed Dr. Ali Hariri as Chief Medical Officer.
- FDA Fast Track designation for ELX-02; Phase 2 monotherapy data expected Q4 2021.