earnings
confidence high
sentiment neutral
materiality 0.55
Chemomab Q2 net loss $2.8M; cash $67M; Phase 2 trials on track for 2022 data
Chemomab Therapeutics Ltd.
2022-Q2 EPS reported
$0.02
- Net loss $2.8M ($0.01 per share) vs $1.1M loss in Q2 2020; R&D expenses $1.3M (up from $0.8M).
- Cash and equivalents $67M at June 30, 2021, up from $58.2M at March 31; runway to mid 2023.
- CM-101 Phase 2a SPRING (PSC) and SPLASH (liver fibrosis) enrolling; data expected in 1H/2H 2022.
- Expanded partnership with AGC Biologics to manufacture CM-101 for pivotal studies and launch readiness.
- Plan to initiate Phase 2 trial in Systemic Sclerosis in Q1 2022.