earnings
confidence high
sentiment neutral
materiality 0.70
Gain Therapeutics Q2 net loss $0.42/shr; expects MAD Phase 1 topline for GT-02287 in August 2024
Gain Therapeutics, Inc.
2024-Q2 EPS reported
-$0.65
- Net loss per share $0.42 for Q2 2024 vs $0.62 in Q2 2023; cash & securities $16.9M as of June 30, 2024.
- Topline results from MAD Phase 1 study of GT-02287 for Parkinson's disease expected in August 2024.
- Phase 1b study in Parkinson's patients with/without GBA1 mutation initiation anticipated in Q4 2024.
- Gene Mack appointed interim CEO and CFO; Khalid Islam serves as Executive Chairman.
- Completed underwritten public offering with approximately $10.0M net proceeds.