earnings
confidence high
sentiment neutral
materiality 0.60
Daré Q3 cash $40.4M; Ovaprene IDE approved; DARE-HRT1 positive efficacy data
Dare Bioscience, Inc.
2022-Q3 EPS reported
-$0.18
revenue$10,000,000
- Cash $40.4M at Sep 30, 2022 vs $51.7M Dec 31, 2021; R&D expense $4.5M (down from $10.4M).
- FDA approved IDE for Ovaprene pivotal Phase 3 contraceptive study; investigator meeting Dec 2022.
- Positive topline efficacy data from DARE-HRT1 Phase 1/2 study; PK data expected later Q4 2022.
- Sildenafil Cream 3.6% Phase 2b RESPOND subject screening completed; topline data targeted Q2 2023.
- XACIATO first commercial sale expected 1H 2023 under Organon license agreement.