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Jun 30, 2023
Cabaletta Bio Q2 2023 Earnings Report
Cabaletta Bio reported financial results for the second quarter ended June 30, 2023, and provided a business update.
Key Takeaways
Cabaletta Bio reported its Q2 2023 financial results, highlighting the FDA clearance for CABA-201 in myositis and Fast Track Designation in SLE and LN. The company strengthened its balance sheet by closing a $100M public offering, extending its cash runway into the fourth quarter of 2025.
Received second IND application clearance for CABA-201 in myositis.
Granted Fast Track Designation in SLE and LN by FDA.
Raised $93.8 million in net proceeds from public offering.
Cash runway extended into the fourth quarter of 2025.
Forward Guidance
Cabaletta Bio expects that its cash, cash equivalents and short-term investments as of June 30, 2023, will enable it to fund its operating plan into the fourth quarter of 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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