earnings
confidence high
sentiment neutral
materiality 0.60
Cabaletta Bio Q1: R&D $37.4M, cash $116.6M; $150M equity raise; rese-cel advances
Cabaletta Bio, Inc.
2026-Q1 EPS reported
-$0.39
- R&D expenses $37.4M (up 29% YoY); G&A $6.9M (down 15% YoY); cash $116.6M as of March 31, 2026.
- Post-quarter $150M registered direct offering closed in May 2026, extends cash runway into mid-2027.
- Preconditioning-free rese-cel data presented at ASGCT; lowest dose showed drug-free responses in 4 PV patients.
- Registrational RESET-Myositis trial progressing with BLA submission planned for 2027; higher dose and longer-term data expected 2H26.
- Entered 10-year commercial supply agreement with Cellares for automated manufacturing of rese-cel.