earnings
confidence high
sentiment negative
materiality 0.60
MiNK Therapeutics reports FY2023 net loss $22.5M; cash $3.4M at year-end
MiNK Therapeutics, Inc.
- Net loss for 2023 was $22.5M ($0.65/share) vs. $28.0M ($0.83/share) in 2022.
- Cash and cash equivalents $3.4M at Dec 31, 2023; received $5M post-year-end from Agenus convertible note.
- Launched Phase 2 trial of agenT-797 with botensilimab/balstilimab/chemo in 2L gastroesophageal cancers.
- Entered collaboration with Immunoscape to develop TCR-based therapies against novel targets.
- Nature Communications publication showed >70% survival in ARDS patients on mechanical ventilation with agenT-797.