earnings
confidence high
sentiment positive
materiality 0.75
Capricor reports Q3 net loss $12.6M; starts BLA for deramiocel, signs $715M European deal
CAPRICOR THERAPEUTICS, INC.
2024-Q3 EPS reported
-$1.04
revenue$11,139,956
- Q3 net loss $12.6M ($0.38/sh) vs $6.4M ($0.25/sh); revenue $2.3M vs $6.2M.
- Began rolling BLA submission for deramiocel (DMD cardiomyopathy) Oct 2024; full submission expected year-end; PDUFA H2 2025.
- Signed binding term sheet with Nippon Shinyaku for Europe: $20M upfront, up to $715M milestones plus double-digit revenue share.
- Public offering net proceeds ~$80.8M; cash $85M at Sep 30; runway into 2027.
- Nippon Shinyaku purchased ~$15M of CAPR stock at 20% premium.