earnings
confidence high
sentiment positive
materiality 0.80
SELLAS Q1 net loss $9.6M; Phase 2 SLS009 100% response in ASXL1 AML; IDMC backs REGAL trial
SELLAS Life Sciences Group, Inc.
2024-Q1 EPS reported
-$0.21
- Net loss of $9.6M ($0.21/share) vs $11.1M ($0.47/share) in Q1 2023.
- Cash and equivalents $18.4M at March 31, 2024; R&D expense $5.1M, G&A $4.5M.
- IDMC recommends continue Phase 3 REGAL (GPS in AML) without modification; next review June 2024 of all 127 patients.
- SLS009 Phase 2: 62% anti-leukemic activity all doses, 67% at 30mg BIW; 100% ORR in ASXL1 mutation patients at 30mg BIW; cohort expanding.
- Phase 3 REGAL enrollment completed; provisional patent filed for SLS009 in ASXL1-mutated AML.