earnings
confidence high
sentiment negative
materiality 0.65
Marker Therapeutics reports FY2022 net loss of $29.9M; cash runs into Q3 2023; suspends frank relapse enrollment
Marker Therapeutics, Inc.
- Net loss $29.9M for FY2022, improved from $41.9M in prior year.
- Cash and cash equivalents $11.8M at Dec 31, 2022; expected to fund operations into Q3 2023.
- Suspended enrollment of frank relapse patients in ARTEMIS trial after no objective responses; re-evaluating modifications.
- MT-401 showed MRD+ responses: one patient bridged to transplant, another with 70% PCR reduction; data expected H2 2023.
- Wilson Wolf services agreement provided $8M upfront; Lincoln Park equity facility for up to $25M.