earnings
confidence high
sentiment neutral
materiality 0.65
Onconova Q1 net loss $5.8M; rigosertib achieves complete responses in RDEB-SCC
Traws Pharma, Inc.
2023-Q1 EPS reported
-$0.28
revenue$56,000
- Cash $34.2M as of March 31, 2023; expects runway into Q1 2024.
- Net loss $5.8M ($0.28/sh) vs $4.1M ($0.20/sh) in Q1 2022; R&D expenses doubled to $4.1M.
- First patient dosed in Phase 1/2a trial of narazaciclib plus letrozole in LGEEC; preliminary data expected Q4 2023.
- Both evaluable patients in rigosertib RDEB-SCC trial achieved complete cutaneous remissions; FDA Type B meeting requested.
- Entered collaboration with Pangea Biomed to identify biomarkers for rigosertib response.