earnings
confidence high
sentiment neutral
materiality 0.50
Tyra Biosciences Q1 net loss $14.8M; cash $292.5M; IND filings on track for 2022
Tyra Biosciences, Inc.
2023-Q1 EPS reported
-$0.36
- Net loss of $14.8M in Q1 2022 vs $4.2M in Q1 2021, driven by higher R&D and G&A expenses.
- R&D expense $9.6M (up from $3.5M); G&A expense $5.2M (up from $0.7M).
- Cash and equivalents $292.5M as of March 31, 2022, supporting pipeline into clinical stage.
- IND for TYRA-300 (FGFR3 inhibitor) expected mid-2022; TYRA-200 (FGFR2) IND in H2 2022.
- Pipeline includes programs in achondroplasia, RET, and FGFR4-driven cancers.