earnings
confidence high
sentiment neutral
materiality 0.65
Cyclacel Q3: net loss $5.1M, cash $23.7M; oral fadraciclib shows 2 partial responses in T-cell lymphoma
Bio Green Med Solution, Inc.
2022-Q3 EPS reported
-$1.29
- Cash $23.7M at Sept 30, 2022 (vs $36.6M at Dec 31, 2021); cash runway expected to fund programs to end of 2023.
- Oral fadraciclib Phase 1/2: 18 evaluable patients; 2/3 partial responses in T-cell lymphoma, 11 stable diseases across solid tumors.
- Oral CYC140 Phase 1/2: no DLTs; durable stable disease at first dose level in ovarian and KRAS G12V NSCLC patients.
- Terminating sapacitabine license with Daiichi Sankyo, effective March 23, 2023; not pursuing further development.
- Expect to determine RP2D for fadraciclib in 4Q 2022 and start Phase 2 in 1H 2023.