earnings
confidence high
sentiment neutral
materiality 0.75
Inovio Q1 net loss narrows to $30.5M; BLA for INO-3107 on track for H2 2024
INOVIO PHARMACEUTICALS, INC.
2024-Q1 EPS reported
-$1.31
- BLA submission for INO-3107 (recurrent respiratory papillomatosis) on track for H2 2024 under accelerated approval pathway.
- Phase 3 trial of INO-3112 + LOQTORZI for HPV-related throat cancer advancing; FDA feedback received.
- Net loss $30.5M ($1.31/sh) vs $40.6M ($1.89/sh) in Q1 2023; R&D expenses fell to $20.9M.
- Cash & equivalents $105.6M at Mar 31, 2024; April offering raised net ~$33.2M; cash runway into Q3 2025.