earnings
confidence high
sentiment neutral
materiality 0.70
Corvus Q4 net loss $6.7M; soquelitinib Orphan Drug; Phase 3 PTCL trial on track
Corvus Pharmaceuticals, Inc.
- Net loss $6.7M in Q4 2023 vs $9.8M Q4 2022; cash $27.1M at Dec 31, 2023.
- Soquelitinib Phase 1/1b: 7 of 21 evaluable PTCL patients had objective responses (4 CR, 3 PR).
- FDA granted Orphan Drug Designation for soquelitinib in T cell lymphoma (Feb 2024).
- Registrational Phase 3 PTCL trial expected to initiate Q3 2024; Phase 1 atopic dermatitis trial Q2 2024.
- Appointed Jeffrey Arcara as Chief Business Officer to lead corporate strategy and business development.