earnings
confidence high
sentiment neutral
materiality 0.50
Lyell Immunopharma reports Q3 net loss $44.6M; cash $460.7M funds into 2027
Lyell Immunopharma, Inc.
2024-Q3 EPS reported
-$0.59
revenue$50,000
- Net loss of $44.6M for Q3 2024, improved from $50.9M in Q3 2023; non-GAAP net loss $37.1M.
- Cash, cash equivalents and marketable securities $460.7M as of Sept 30, 2024; provides runway into 2027.
- Completed ImmPACT Bio acquisition; added IMPT-314, a CD19/CD20 CAR T candidate with Phase 1 data at ASH 2024.
- Expect to initiate pivotal trial for IMPT-314 in 2025 in relapsed/refractory LBCL; initial Phase 1 data at ASH Dec 9.
- Phase 1 trial of LYL119 for ROR1-positive solid tumors ongoing; initial clinical data expected H2 2025.