earnings
confidence high
sentiment negative
materiality 0.65
Centessa Q4 net loss widens to $111.3M; cash $482M; OX2R pipeline on track for 2025 data
Centessa Pharmaceuticals plc
- Net loss $111.3M in Q4 2024 vs $36.8M Q4 2023, full-year loss $235.8M.
- R&D expenses $60.9M Q4 2024 included $31.5M one-time charge from SerpinPC discontinuation.
- Cash, equivalents and short-term investments $482.2M as of Dec 31, 2024; expected to fund into mid-2027.
- ORX750 Phase 2a CRYSTAL-1 data in NT1, NT2, and IH expected in 2025; Phase 1 data showed restored wakefulness.
- ORX142 and ORX489 advancing in IND-enabling studies with clinical data expected in 2025.