earnings
confidence high
sentiment neutral
materiality 0.65
Corvus reports Q2 net loss $6.5M, soquelitinib shows 3 CR/3 PR in TCL; plans FDA meeting
Corvus Pharmaceuticals, Inc.
2023-Q2 EPS reported
-$0.31
- Soquelitinib Phase 1/1b: 3 complete, 3 partial responses in 20 evaluable TCL patients.
- ALC >900/mL: 6/14 objective responses; 0/6 below 900. FDA meeting for Phase 3 in Q3.
- Cash $37.0M as of June 30, 2023; projected $28-30M year-end, funding into H2 2024.
- Q2 R&D expense $4.0M (down from $4.9M); net loss $6.5M vs $8.4M in Q2 2022.
- Ciforadenant Phase 1b/2 in RCC initial data expected year-end 2023.