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Jun 30, 2021

Cabaletta Bio Q2 2021 Earnings Report

Reported financial results for the second quarter ended June 30, 2021 and provided a business update.

Key Takeaways

Cabaletta Bio reported their Q2 2021 financial results. Key highlights include no clinically relevant adverse events observed in the first patient cohort of the DesCAARTes™ clinical trial for DSG3-CAART and remaining on track to submit an IND to the FDA for MuSK-CAART.

Observed no clinically relevant adverse events in the first, low-dose patient cohort of the DesCAARTes™ clinical trial for DSG3-CAART.

Remain on track to submit an IND to the FDA for MuSK-CAART.

Expect to conduct a pre-IND meeting with the FDA to discuss the development path for PLA2R-CAART in the second half of 2021.

Cash, cash equivalents and investments as of June 30, 2021, will enable it to fund its operating plan through at least the fourth quarter of 2022.

EPS
-$0.45
Previous year: -$0.35
+28.6%
Cash and Equivalents
$103M
Previous year: $123M
-16.6%
Free Cash Flow
-$6.97M
Total Assets
$107M

Cabaletta Bio

Cabaletta Bio

Forward Guidance

Cabaletta Bio expects to fund its operating plan through at least the fourth quarter of 2022.