earnings
confidence high
sentiment positive
materiality 0.65
Cartesian Therapeutics FY2024 net loss $77.4M; cash $214.3M; Phase 3 MG trial on track
Cartesian Therapeutics, Inc.
- Net loss of $77.4M ($4.48 loss per share) vs $219.7M loss in FY2023; R&D expenses $45.1M.
- Cash, equivalents and restricted cash $214.3M at Dec 31, 2024; expected to fund operations into mid-2027.
- Phase 3 AURORA trial of Descartes-08 in myasthenia gravis on track for 1H25; FDA SPA agreement secured.
- Preliminary Phase 2 SLE data expected 2H25; Phase 2 pediatric basket trial to initiate 2H25 in select autoimmune indications.
- Dosing ongoing in first-in-human Phase 1 trial of Descartes-15 for multiple myeloma.