earnings
confidence high
sentiment neutral
materiality 0.55
Contineum reports Q4 2024 net loss of $14.6M, cash $204.8M, runway through 2027
Contineum Therapeutics, Inc.
- Net loss $14.6M in Q4 2024 vs $7.8M in Q4 2023; R&D expenses $13M (+62% YoY).
- Cash and equivalents $204.8M at Dec 31, 2024; expects to fund operations through 2027.
- Topline data from PIPE-791 Phase 1b PET trial expected Q2 2025; PIPE-307 Phase 2 RRMS data H2 2025.
- PIPE-791 Phase 2 proof-of-concept in IPF and PrMS planned H2 2025 pending toxicity studies.
- Plan to file IND for CTX-343 in H2 2025; J&J recruiting Phase 2 MDD trial of PIPE-307.