earnings
confidence high
sentiment positive
materiality 0.75
Acurx reports Q4 net loss $5.1M; ibezapolstat Phase 2b shows 96% cure rate
Acurx Pharmaceuticals, Inc.
- Q4 net loss $5.1M ($0.37/shr); full year net loss $14.6M ($1.15/shr).
- Year-end cash $7.5M; subsequent ATM raised ~$4.5M.
- Ibezapolstat Phase 2b: 96% clinical cure (25/26), 100% sustained cure at 30 days.
- FDA End of Phase 2 meeting scheduled April 2024; Phase 3 plan to be discussed.
- EMA granted SME designation; additional microbiome data positive vs vancomycin.