earnings
confidence high
sentiment negative
materiality 0.55
Acurx Pharma Q2 net loss widens to $3.4M; Phase 2b enrollment ongoing
Acurx Pharmaceuticals, Inc.
2023-Q2 EPS reported
-$0.53
- Net loss Q2 2023: $3.4M ($0.28/sh) vs $2.6M ($0.26/sh) in Q2 2022.
- Cash unchanged at $9.1M as of June 30, 2023; no revenue reported.
- Phase 2b trial for ibezapolstat in C. difficile: 28 sites enrolling; 5 patients needed for interim IDMC review.
- R&D expenses rose to $1.7M (Q2 2023) from $0.9M (Q2 2022) driven by Phase 2b costs.
- CARB-X declined grant for ACX375C pre-clinical candidate; encouraged re-application.