earnings
confidence high
sentiment positive
materiality 0.75
Atossa Q3 2022: cash $117.5M, no revenue; FDA authorizes Phase 2 endoxifen study
ATOSSA THERAPEUTICS, INC.
- Cash, cash equivalents and restricted cash $117.5M as of Sep 30, 2022; no revenue in Q3.
- Operating expenses $8.2M in Q3 2022, up 59% YoY; R&D $5.2M (+134%) on higher trial costs.
- FDA authorized Phase 2 neoadjuvant (Z)-endoxifen for ER+/HER2- breast cancer; enrollment expected Q4 2022.
- Invested in privately-held Dynamic Cell Therapies (CAR-T); paid $300K for exclusive negotiation right.
- Completed dosing in Parts B and C of Phase 1/2a AT-H201 trial for lung injury from cancer treatment.