earnings
confidence high
sentiment negative
materiality 0.60
Bio-Path Q1 net loss $5.3M ($0.66/share); cash burns to $6.7M; clinical milestones Q2/3
BIO-PATH HOLDINGS, INC.
2023-Q1 EPS reported
-$0.66
- Net loss $5.3M ($0.66/share) vs $3.4M ($0.47) Q1 2022; R&D spend doubled to $4.0M.
- Cash $6.7M at Mar 31, down from $10.4M Dec 31; net cash used in ops $3.7M.
- BP1001-A solid tumor trial initial cohort completion/data readout expected mid-2023.
- BP1002 relapsed/refractory AML cohort readout expected mid-2023.
- Prexigebersen Phase 2 AML: two cohorts exceeded min efficacy for expansion; interim analyses start Q2 2023.