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Mar 31, 2020
Allakos Q1 2020 Earnings Report
Reported financial results for the first quarter ended March 31, 2020.
Key Takeaways
Allakos reported a net loss of $27.8 million in the first quarter of 2020, compared to $20.0 million in the same period in 2019. The company ended the quarter with $479.8 million in cash, cash equivalents and marketable securities.
Research and development expenses were $18.3 million, an increase of $3.2 million compared to the same period in 2019.
General and administrative expenses were $11.6 million, an increase of $5.8 million compared to the same period in 2019.
Net loss was $27.8 million, an increase of $7.8 million compared to the same period in 2019.
Net loss per basic and diluted share was $0.57, compared to $0.47 in the same period in 2019.