earnings
confidence high
sentiment positive
materiality 0.65
Contineum reports Q1 net loss $14.5M; cash $246.3M through mid-2029
Contineum Therapeutics, Inc.
2026-Q1 EPS reported
-$0.39
- Cash, cash equivalents and marketable securities of $246.3M as of March 31, 2026; runway through mid-2029.
- Net loss of $14.5M vs $16.0M in Q1 2025; R&D expenses down 15% to $11.6M.
- Positive topline Phase 1b data for PIPE-791 in chronic pain (April 30, 2026); safety met and numeric pain improvement.
- Initiated global Phase 2 PROPEL-IPF trial for PIPE-791 in IPF; target 324 patients; enrollment ongoing.
- Johnson & Johnson Phase 2 Moonlight-1 trial of PIPE-307 in MDD recruiting 124 participants; completion expected June 2026.