earnings
confidence high
sentiment positive
materiality 0.75
BiomX reports Q4 2022 net loss $28.3M; BX004 Part 1 shows >90% bacterial reduction
BiomX Inc.
- Cash, short-term deposits, restricted cash $34.3M at Dec 31, 2022; cash runway through at least mid-2024.
- Net loss for 2022 was $28.3M vs $36.2M in 2021; R&D expenses $16.2M, down from $22.7M.
- BX004 Phase 1b/2a Part 1: mean P. aeruginosa reduction of 1.42 log10 CFU/g vs placebo 0.28; no safety events.
- Part 2 dosing initiated; results expected Q3 2023; CF Foundation to invest $2M second tranche.
- Raised $7.5M private placement in Feb 2023; $6M contingent on shareholder approval; OrbiMed and CF Foundation participated.