earnings
confidence high
sentiment neutral
materiality 0.50
Theriva Biologics Q3 2022 cash $50.5M; FDA clears Phase 2 trial for VCN-01 in PDAC
Theriva Biologics, Inc.
2022-Q3 EPS reported
-$0.95
- Cash and cash equivalents $50.5M as of Sep 30, 2022; expected runway into Q1 2024.
- FDA and AEMPS cleared the planned Phase 2 trial of VCN-01 in pancreatic ductal adenocarcinoma patients.
- SYN-004 Phase 1b/2a in allo-HCT: positive DSMC review for Cohort 1; first patient dosed in Cohort 2 (Oct 2022).
- Company rebranded as Theriva Biologics and began trading under ticker TOVX on NYSE American in October 2022.
- Anticipated near-term milestones: initiate VIRAGE Phase 2 for VCN-01 in PDAC Q4 2022; pre-IND meeting for retinoblastoma early 2023.