other material
confidence high
sentiment neutral
materiality 0.70
Theriva Biologics Q2 2023: $34.2M cash, VCN-01 trial on track, FDA orphan drug
Theriva Biologics, Inc.
- Cash and equivalents $34.2M as of June 30, 2023, expected runway into Q4 2024.
- VIRAGE Phase 2b trial (VCN-01 + chemo) enrollment on track to complete Q1 2024; US sites dosing initiated.
- FDA granted orphan drug designation to VCN-01 for pancreatic cancer; previously for retinoblastoma.
- Ramon Alemany, Ph.D., appointed SVP of Discovery; continues as chair of Scientific Advisory Board.
- G&A expenses rose 80% to $2.7M; R&D expenses fell 10% to $3.1M vs Q2 2022.