earnings
confidence high
sentiment neutral
materiality 0.50
Contineum Q2 cash $218.7M; PIPE-307 Phase 2 enrollment on track
Contineum Therapeutics, Inc.
2024-Q2 EPS reported
-$1.35
- Cash, equivalents and marketable securities $218.7M at June 30, 2024, up from $125.2M at year-end 2023.
- R&D expenses $7.9M vs $9.5M YoY; G&A expenses $3.0M vs $1.6M YoY.
- Completed IPO in April 2024, net proceeds $107.9M.
- Phase 2 VISTA trial of PIPE-307 for RRMS enrollment on track, completion expected in 2025.
- Strengthened board and management with four new appointments, including Troy Ignelzi and Sarah Boyce.