earnings
confidence high
sentiment positive
materiality 0.70
Cardiff Oncology shifts lead mCRC program to first-line; Q3 cash $81.4M
Cardiff Oncology, Inc.
2023-Q3 EPS reported
-$0.72
revenue$332,000
- Lead onvansertib program advances to first-line RAS-mutated mCRC; Pfizer Ignite to execute Phase 2 CRDF-004 trial.
- FDA agreed on ORR as interim endpoint for accelerated approval; Phase 3 registrational trial planned contingent on CRDF-004.
- mPDAC CRDF-001: ORR 19% (4/21 evaluable) vs historical 7.7%; mPFS 5.0 mo vs 3.1 mo for SoC alone.
- Phase 2 SCLC monotherapy cleared to continue enrollment after safety review of first six patients.
- Cash, equivalents, and short-term investments $81.4M; net cash burn Q3 $8.0M; runway into 2025.