earnings
confidence high
sentiment neutral
materiality 0.65
Synlogic Q4 2021 net loss $15.1M; cash $136.6M; PKU Phase 3 on track for H2 2022
SYNLOGIC, INC.
- Q4 2021 net loss $15.1M ($0.21/share) vs $14.6M ($0.39/share) in Q4 2020; FY 2021 net loss $60.6M ($1.09/share).
- Cash, equivalents & marketable securities $136.6M at Dec 31, 2021; projected runway into 2024.
- PKU program: Phase 2 SynPheny-1 data expected H1 2022; Phase 3 trial initiation planned H2 2022.
- Appointed Michael Jensen as CFO in March 2022; he was formerly CFO of Intrinsic Therapeutics.
- HCU candidate SYNB1353 IND submission and Phase 1 healthy volunteer data expected H2 2022.