earnings
confidence high
sentiment neutral
materiality 0.70
Xilio Therapeutics Q3 2022 net loss $19.8M; XTX202 reaches target dose; XTX301 IND cleared
Xilio Therapeutics, Inc.
2022-Q3 EPS reported
-$2.40
- Cash $139.1M as of Sep 30, 2022; runway into Q2 2024.
- Net loss $19.8M in Q3 2022 vs $16.3M in Q3 2021; R&D expense $13.0M.
- XTX202 (IL-2) dosed at target 1 mg/kg; no vascular leak syndrome; CD8+ T cell increases seen.
- FDA cleared IND for XTX301 (IL-12); Phase 1 start expected Q1 2023.
- Company will seek partner for XTX101 (anti-CTLA-4); will not initiate a Phase 2 alone.