earnings
confidence high
sentiment neutral
materiality 0.65
Celldex Q4 net loss $20.1M; CDX-0159 Phase 2 urticaria studies to start Q2 2022
Celldex Therapeutics, Inc.
2021-FY EPS reported
-$1.64
revenue$4,651,000
- Net loss of $20.1M ($0.43 diluted EPS) for Q4 2021; full year net loss $70.5M ($1.64 EPS).
- Cash and marketable securities $408.3M as of Dec 31, 2021; provides runway through 2025.
- CDX-0159 Phase 1b CSU data expected July 2022; Phase 2 studies in CSU and CIndU to initiate Q2 2022.
- Plans to expand CDX-0159 development into eosinophilic esophagitis (EoE) with Phase 2 trial in Q4 2022.
- Subcutaneous formulation of CDX-0159 well tolerated; supports planned Phase 2 doses of 75mg, 150mg, 300mg.