earnings
confidence high
sentiment positive
materiality 0.75
Corvus Q1 net loss $5.7M; soquelitinib PTCL ORR 39%; $30.6M financing
Corvus Pharmaceuticals, Inc.
2024-Q1 EPS reported
-$0.12
- Net loss $5.7M in Q1 2024 vs $7.9M in Q1 2023; R&D expense $4.1M.
- Cash $22.1M at March 31, 2024; plus $30.6M from May 6 financing; projected cash into Q4 2025.
- Soquelitinib Phase 1/1b PTCL: 39% ORR (5 CRs, 4 PRs) in 23 evaluable patients; disease control 61%.
- Phase 3 registrational trial for soquelitinib in PTCL planned to start Q3 2024.
- Ciforadenant Phase 1b/2 in RCC met predefined efficacy threshold; enrollment continues.