earnings
confidence high
sentiment positive
materiality 0.75
SELLAS Q3 net loss $9.3M; GPS Phase 3 enrollment complete, SLS009 shows CR in AML
SELLAS Life Sciences Group, Inc.
2023-Q3 EPS reported
-$1.09
- Net loss $9.3M ($0.33/share) vs $7.0M in Q3 2022; cash $4.0M as of Sep 30, 2023; subsequent $4.0M offering.
- Phase 3 REGAL trial of GPS in AML expected to complete enrollment (ex-China) in November 2023; interim data late 2023/early 2024.
- SLS009 Phase 2a in AML: first patient achieved complete response, six of seven patients alive; anti-leukemic effects in all.
- FDA granted Orphan Drug Designation for SLS009 in AML and Fast Track for r/r PTCL.
- Anticipating $13.0M milestone from 3D Medicines upon China enrollment in REGAL in Q4 2023.