earnings
confidence high
sentiment positive
materiality 0.75
Theriva Biologics reports Q1 2026 net loss $2.0M, FDA agrees to Phase 3 design for VCN-01 in PDAC
Theriva Biologics, Inc.
2026-Q1 EPS reported
-$0.05
revenue$300,000
- Cash and cash equivalents $14.4M as of March 31, 2026; cash runway into Q1 2027.
- FDA alignment on Phase 3 trial design for VCN-01 plus gemcitabine/nab-paclitaxel in metastatic PDAC.
- New VIRAGE Phase 2b data at AACR 2026 shows improved OS and PFS across subgroups including liver metastases.
- Compassionate use of VCN-01 in retinoblastoma started; Phase 2/3 trial expected first patient Dec 2026.
- R&D expenses fell 88% to $355K as VIRAGE trial completed; G&A rose 43% to $2.1M.