earnings
confidence high
sentiment positive
materiality 0.65
Pliant Therapeutics Q1 net loss $20M; doses first patient in Phase 1b FORTIFY trial
PLIANT THERAPEUTICS, INC.
2026-Q1 EPS reported
-$0.32
- Q1 net loss $20.0M vs $56.2M prior year; R&D expense $13.6M (down from $43.4M) due to bexotegrast termination and reduced headcount.
- Cash, equivalents and short-term investments $172.4M; expected to fund operations into H2 2028.
- First patient dosed in FORTIFY Phase 1b trial of PLN-101095; interim data expected in 2027.
- Updated Phase 1 data at AACR showed deepening responses: one complete response, two partial responses in checkpoint-refractory tumors.
- Integrin-targeted delivery platform advancing for siRNA delivery to skeletal muscle; preclinical proof-of-concept ongoing.