earnings
confidence high
sentiment neutral
materiality 0.60
Lantern Pharma Q3 net loss $4.05M, cash $73.8M; RADR hits 10B datapoints, LP-184 ODD
Lantern Pharma Inc.
- Net loss $4.05M ($0.36 per share) vs $1.70M in Q3 2020; R&D expenses $2.96M up from $0.60M.
- Cash and marketable securities $73.8M as of Sep 30, 2021, up from $19.2M at Dec 31, 2020.
- RADR platform surpassed 10 billion curated oncology data points, up from 4.6B in earlier 2021.
- LP-184 received Orphan Drug Designation from FDA for pancreatic cancer and glioblastoma.
- Announced strategic collaborations with Deep Lens and Code Ocean; planning Phase 2 trial for LP-300.