earnings
confidence high
sentiment positive
materiality 0.75
PDS Biotech Q3 net loss $10.8M; highlights 74% 2-year OS in VERSATILE-002 trial
PDS Biotechnology Corp
2023-Q3 EPS reported
-$1.04
- Net loss of $10.8M ($0.35/share) vs $7.4M loss in Q3 2022; R&D expenses rose to $6.4M from $4.4M.
- Cash $54.3M at Sept 30, expected to fund operations into Q3 2024; VERSATILE-003 Phase 3 initiation planned Q1 2024.
- VERSATILE-002 interim: 24-month overall survival rate of 74% in ICI-naïve HPV+ head & neck cancer patients.
- NCI triple combo: 75% of ICI-naïve HPV+ cancer patients alive at 36 months; median OS not reached.
- PDS01ADC+docetaxel: PSA decreased in all 18 prostate cancer patients; 61% had ≥60% PSA decline.