earnings
confidence high
sentiment neutral
materiality 0.65
Cullinan Therapeutics Q1 net loss $49.7M, cash $393.3M; zipalertinib NDA accepted with PDUFA Feb 2027
Cullinan Therapeutics, Inc.
- Net loss of $49.7M for Q1 2026 vs $48.5M in Q1 2025; R&D expense $42.1M, G&A $11.6M.
- Cash and investments $393.3M as of March 31, 2026; runway into 2029 under current plan.
- FDA accepted NDA for zipalertinib in EGFR ex20ins NSCLC; PDUFA target date February 27, 2027.
- Initial CLN-978 SLE and RA data to be presented at EULAR June 6, 2026; multi-dose RA data due Q3 2026.
- Velinotamig initial SLE data expected Q4 2026; CLN-049 RP2D and AML update planned by Q4 2026.