earnings
confidence high
sentiment neutral
materiality 0.60
Apogee reports Q2 net loss $33.8M; cash $789.6M; APG777 Phase 2 dosing started
Apogee Therapeutics, Inc.
2024-Q2 EPS reported
-$1.24
- Q2 2024 net loss $33.8M ($18.9M in Q2 2023); R&D expenses $33.2M, up from $13.9M.
- Cash $789.6M as of June 30, 2024; runway into Q1 2028.
- First patient dosed in APG777 Phase 2 trial; 16-week proof-of-concept data expected 2H2025.
- APG808 interim Phase 1 data Q4 2024; APG990 Phase 1 trial accelerated to Q3 2024.
- Added APG333 (anti-TSLP) to pipeline; entering clinic in 2025; combinations planned.