earnings
confidence high
sentiment neutral
materiality 0.70
Cullinan Q3 net loss $50.6M; focuses on T cell engagers; cash runway into 2029
Cullinan Therapeutics, Inc.
- Net loss $50.6M vs $40.6M YoY; R&D expense $42.0M, G&A $13.6M.
- Cash & investments $475.5M at Sept 30, 2025; runway expected into 2029.
- CLN-049 showed ~30% CRc in R/R AML; oral presentation at ASH 2025.
- CLN-978 initial SLE & RA safety/B-cell data expected H1 2026.
- Discontinued CLN-619 and CLN-617; partner Taiho plans NDA for zipalertinib by year-end.