earnings
confidence high
sentiment neutral
materiality 0.50
Theriva Biologics reports $18.3M cash as of Q1 2024, VIRAGE enrollment on track for Q3 completion
Theriva Biologics, Inc.
2024-Q1 EPS reported
-$0.30
- Cash and cash equivalents $18.3M at March 31, 2024, expected to fund operations into Q1 2025.
- R&D expenses $3.5M in Q1 2024, up 16% YoY due to clinical trial costs.
- VIRAGE Phase 2b trial for VCN-01 in metastatic PDAC expected to complete enrollment in Q3 2024.
- Positive topline data from Phase 1 trial of VCN-01 in pediatric refractory retinoblastoma – study committee deemed results positive.
- Licensing discussions ongoing for SYN-020 intestinal alkaline phosphatase asset.