earnings
confidence high
sentiment neutral
materiality 0.65
Pliant Therapeutics reports Q3 net loss of $41.5M; positive bexotegrast PSC interim data
PLIANT THERAPEUTICS, INC.
2023-Q3 EPS reported
-$2.06
revenue$1,580,000
- Net loss of $41.5M vs $30.6M in prior-year quarter; R&D expense $32.3M, G&A $15.3M.
- Cash, cash equivalents and short-term investments of $523.6M, funding operations into H2 2026.
- Positive 12-week data from Phase 2a INTEGRIS-PSC trial; 160 mg dose showed statistically significant reduction in ELF and PRO-C3 vs placebo.
- DSMB recommended INTEGRIS-PSC continue without modification; 320 mg data expected Q1 2024.
- Appointed Minnie Kuo as Chief Development Officer and Mishima Gerhart as Chief Regulatory Officer.