earnings
confidence high
sentiment negative
materiality 0.75
Curis Q2 net loss widens to $15.9M; appoints new CFO; emavusertib combo shows tumor reduction in 8 of 9
CURIS INC
2022-Q2 EPS reported
-$0.35
revenue$4,450,000
- Net loss of $15.9M ($0.17/sh) vs $10.8M ($0.12) in Q2 2021; revenue flat at $2.4M.
- Cash and investments $107.2M as of June 30, 2022; cash runway expected into 2024.
- Emavusertib + ibrutinib combo: tumor reduction in 8 of 9 evaluable patients; 2 CR, 2 PR; potential to overcome ibrutinib resistance.
- Appointed Diantha Duvall as CFO effective Aug 5, 2022, succeeding Bill Steinkrauss (resigning).
- Working with FDA to resolve partial clinical holds on emavusertib enrollment.