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Jun 30, 2021

Cullinan Oncology Q2 2021 Earnings Report

Announced second quarter 2021 financial results and provided a corporate update.

Key Takeaways

Cullinan Oncology reported a strong cash position of $456.3 million as of June 30, 2021, and highlighted the IND clearance of two immuno-oncology pipeline programs, Cullinan MICA and Cullinan Florentine. Interim data from the Cullinan Pearl trial showed a disease control rate of 92% in the 100mg dose cohort.

Cullinan Pearl data showed increased disease control rate of 92% in the 100mg dose cohort.

IND clearance was received for two immuno-oncology pipeline programs: Cullinan MICA and Cullinan Florentine.

Clinical trial starts for Cullinan MICA and Cullinan Florentine are expected in 2H 2021.

Cash and investments totaled $456.3 million as of June 30, 2021.

EPS
-$0.36
Previous year: -$0.445
-19.2%
Cash and Equivalents
$124M
Total Assets
$464M

Cullinan Oncology

Cullinan Oncology

Forward Guidance

Cullinan Oncology expects to provide updated preclinical data on Cullinan Amber and a clinical and regulatory update on Cullinan Pearl in the fourth quarter.