other material
confidence high
sentiment neutral
materiality 0.70
Contineum Q1 net loss $16.0M, cash $190.7M; files $300M shelf & $75M ATM
Contineum Therapeutics, Inc.
- Net loss of $16.0M vs $8.4M in Q1 2024; R&D expenses rose 76% to $13.7M.
- Cash and equivalents of $190.7M; runway projected through 2027.
- Files $300M universal shelf registration and $75M at-the-market (ATM) equity facility with Leerink Partners.
- PIPE-791 Phase 1b PET topline data expected Q2 2025; Phase 2 initiation in IPF and PrMS planned H2 2025.
- PIPE-307 Phase 2 VISTA RRMS topline data anticipated H2 2025; J&J Phase 2 MDD trial recruiting.