earnings
confidence high
sentiment negative
materiality 0.75
Lyell Immunopharma Q3 net loss $70.3M; GSK ends collaboration; LYL797 data delayed to H1 2024
Lyell Immunopharma, Inc.
2022-Q3 EPS reported
-$0.71
revenue$36,297,000
- Net loss $70.3M vs $48.9M YoY; non-GAAP net loss $43.7M vs $35.7M.
- Cash $750.7M as of Sep 30, 2022; funding extends into 2026.
- GSK terminates NY-ESO-1 programs LYL132/LYL331 effective Dec 24, 2022; not due to safety/efficacy.
- IND cleared for LYL845 TIL therapy; initial data expected 2024.
- LYL797 enrollment slower; initial data now expected first half of 2024.