earnings
confidence high
sentiment neutral
materiality 0.65
Corvus Q3 net loss $14.8M; cash $49.6M, CPI-818 data at ASH
Corvus Pharmaceuticals, Inc.
2022-Q3 EPS reported
-$0.62
- Net loss $14.8M for Q3 2022 vs $10.7M Q3 2021; R&D expense $10.4M (+$3.4M).
- Cash, equivalents & securities $49.6M at Sep 30, 2022; projected year-end $40.5-42.5M.
- CPI-818 200 mg cohort: 1 CR lasting 25 months, 1 nodal CR 16 months, 1 PR; new data at ASH Dec 2022.
- Ciforadenant Phase 1b/2 in first-line RCC initiated with KCRC; up to 60 patients.
- IND approved in China for mupadolimab Phase 1/1b combo with pembrolizumab in lung/head & neck cancers.