earnings
confidence high
sentiment positive
materiality 0.70
Zentalis Q2 cash $553M; azenosertib ORR 36.8% with RP2D set
Zentalis Pharmaceuticals, Inc.
2023-Q2 EPS reported
-$2.93
- Cash, equivalents and marketable securities $553.0M as of June 30, 2023; runway into 2026.
- Azenosertib monotherapy ORR 36.8% in ovarian cancer/USC; RP2D set at 400 mg QD 5:2.
- Phase 1b azenosertib + paclitaxel ORR 50.0% (mPFS 7.4 mo); + carboplatin ORR 35.7% (mPFS 10.4 mo).
- Q2 R&D expense $42.7M, G&A $15.7M; one-time Zentera termination charge $45.6M.
- Closed $250M public offering (11.03M shares at $22.66) in June; appointed CSO Kimberly Freeman.