earnings
confidence high
sentiment neutral
materiality 0.60
VYNE reports FY2022 net loss $23.2M; VYN201 Phase 1b in vitiligo dosing
VYNE Therapeutics Inc.
- GAAP net loss of $23.2M for FY2022 vs $73.3M in 2021; adjusted net loss $18.9M.
- Topline Phase 1b data for VYN201 (pan-BD BET inhibitor) in vitiligo expected mid-2023.
- Positive preliminary Phase 1a safety data for VYN201; three doses selected for Phase 1b.
- Regained Nasdaq minimum bid price compliance after 1-for-18 reverse stock split in Feb 2023.
- VYN202 option agreement extended to April 2023; IND-enabling studies planned.