earnings
confidence high
sentiment negative
materiality 0.65
Bio-Path reports FY2022 net loss of $13.9M ($1.91/share); cash drops to $10.4M
BIO-PATH HOLDINGS, INC.
2023-Q1 EPS reported
-$0.66
- Net loss $13.9M ($1.91 per share) vs $10.4M ($1.55) in 2021; R&D expense rose to $9.2M.
- Cash at Dec 31, 2022 was $10.4M, down from $23.8M; operating cash burn of $15.1M.
- First patient dosed in Phase 1/1b trial of BP1001-A in solid tumors (ovarian, pancreatic, breast).
- Phase 2 prexigebersen AML trial: two cohorts exceeded minimum efficacy; interim analyses expected Q2 2023.
- BP1002 Phase 1/1b in relapsed/refractory AML: initial cohort data readout expected Q2 2023.