earnings
confidence high
sentiment neutral
materiality 0.65
Viridian Q4 2022 net loss $45.8M, cash $424.6M; THRIVE Ph3 enrolled
Viridian Therapeutics, Inc.\DE
- Net loss $45.8M in Q4 2022 vs $28.9M in Q4 2021; R&D expense $39.3M vs $22.4M.
- Cash, equivalents & short-term investments $424.6M as of Dec 31, 2022; runway into H2 2025.
- First patient enrolled in THRIVE Phase 3 trial of VRDN-001 for active TED; topline mid-2024.
- Initial proof-of-concept data for VRDN-001 in chronic TED expected Q2 2023.
- Appointed Scott Myers as President and CEO in February 2023.