earnings
confidence high
sentiment neutral
materiality 0.60
Pliant Therapeutics Q1 net loss $47.0M; bexotegrast adaptive Phase 2b/3 accelerated
PLIANT THERAPEUTICS, INC.
2024-Q1 EPS reported
-$0.78
- Net loss $47.0M in Q1 2024 vs $37.5M in Q1 2023; R&D expenses rose to $37.1M from $29.3M.
- BEACON-IPF Phase 2b/3 adaptive design upsized to 360 patients; enrollment completion expected Q1 2025.
- Phase 2a PET imaging trial completed; topline data on total lung collagen and FVC expected in weeks.
- Oxford loan facility upsized by $50M to $150M; $30M drawn. Cash $483.9M funded through 2026.
- Regulatory clearance for PLN-101325 Phase 1 in muscular dystrophy; Phase 1 of PLN-101095 in solid tumors ongoing.