M&A
confidence high
sentiment neutral
materiality 0.70
Quince provides EryDel historical financials; FY2022 loss of €12.5M
Quince Therapeutics, Inc.
- EryDel net loss of €12.5M in 2022 vs. €17.3M in 2021; accumulated deficit €76.5M.
- As of Dec 2022, EryDel cash €1.3M, negative equity €16.5M; operating cash flow used €11.3M.
- Quince had $83.2M cash at Sep 30, 2023, expected to fund EryDex Phase 3 trial into at least 2026.
- Acquisition adds EryDel's Red Cell Loader platform and Phase 3 therapy for Ataxia-Telangiectasia.