stocksrising
3月前
Double that by E.o.Y $$$$$$$$$
Here’s what matters( imho)
* As of June 30, 2024, the Company had cash and cash equivalents of $87.4 million, compared to $57.4 million as of December 31, 2023. This includes net proceeds of the $50 million underwritten registered direct offering priced at-the-market on June 14, 2024.
The Company expects, based on current operational plans, that its existing cash and cash equivalents balance will enable it to fund its currently committed clinical trials, operating expenses including pre-commercial activities for setrusum-ab, and capital expenditure requirements into 2027.
This guidance does not include any potential upfront payments associated with a partnership for alvelestat or business development activity around any of the Company's non-core programs.
The Company has two rare disease product candidates, setrusumab for the treatment of osteogenesis imperfecta (Ol) and alvelestat primarily for the treatment of severe alpha-1 antitrypsin deficiency-asso-ciated lung disease (AATD-LD). The Company's partner, Ultragenyx Pharmaceutical, Inc., has completed enrollment in the Phase 3 portion of a pivotal Phase 2/3 pediatric study in young adults (5 to 25 years old) for setrusumab in Ol and in the Phase 3 study in pediatric patients (2 to