earnings
confidence high
sentiment neutral
materiality 0.60
Cardiff Oncology reports FY2022 cash of $105.3M; provides clinical updates for onvansertib
Cardiff Oncology, Inc.
- Cash, cash equivalents, and short-term investments $105.3M at Dec 31, 2022; projected runway into 2025.
- Total operating expenses $40.3M for FY2022, up $11.1M from FY2021; net cash used in operations $33.8M.
- Phase 1b/2 mCRC trial: ORR 35% (n=48), median PFS 9.3 months; bevacizumab-naïve subgroup ORR 69%, mPFS 13.5 months.
- Appointed Fairooz Kabbinavar as CMO, Tod Smeal as CSO, Charles Monahan as SVP Regulatory Affairs.
- Upcoming data readouts: mPDAC and SCLC in Q2/Q3 2023; TNBC in Q4 2023/Q1 2024; ONSEMBLE mCRC randomized data in Q3/Q4 2024.