earnings
confidence high
sentiment neutral
materiality 0.60
Leap Therapeutics reports FY2023 net loss $81.4M; cash $70.6M; DKN-01 data positive
CYPHERPUNK TECHNOLOGIES INC.
- Net loss $81.4M in FY2023 vs $54.6M in FY2022; R&D expenses $73.2M.
- Cash and equivalents $70.6M at Dec 31, 2023; research incentive receivables $0.8M.
- DeFianCe Part A (CRC): 30% ORR, 93% DCR; median PFS 6.3 months in 2L MSS CRC.
- Completed enrollment (170 pts) in DisTinGuish Part C for gastric/GEJ cancer; data expected mid-2024.
- Randomized Part B of DeFianCe (130 pts) enrolling; 80 enrolled as of Mar 15, 2024.