earnings
confidence high
sentiment negative
materiality 0.75
Inovio Q4 net loss $54.5M; VGX-3100 Phase 3 trial fails primary endpoint in biomarker group
INOVIO PHARMACEUTICALS, INC.
2022-FY EPS reported
-$1.17
revenue$10,262,268
- Net loss of $54.5M ($0.22 per share) for Q4 2022; full year net loss $279.8M ($1.17 per share).
- Cash and short-term investments $253M as of Dec 31, 2022; cash runway projected into Q1 2025.
- REVEAL2 Phase 3 trial of VGX-3100 did not meet primary endpoint in biomarker-selected population (p=0.115); but achieved statistical significance in all-participants population (p=0.001).
- Positive Phase 1/2 data for INO-3107 in RRP: median decrease of 3 surgical interventions; 91% of patients saw reduction.
- Positive Phase 1b data for INO-4201 as Ebola booster: 100% of treated participants boosted humoral responses.