Mar 31, 2020

Checkpoint Therapeutics Q1 2020 Earnings Report

Reported financial results for the first quarter ended March 31, 2020.

Key Takeaways

Checkpoint Therapeutics reported its financial results for the first quarter of 2020, highlighting the progress of cosibelimab and the issuance of a composition of matter patent.

Continued progress with the development of cosibelimab.

FDA confirmed the registration submission pathway for cosibelimab in metastatic cutaneous squamous cell carcinoma (CSCC).

U.S. Patent and Trademark Office issued a composition of matter patent for cosibelimab, providing protection through at least May 2038.

Continued to enroll CSCC patients to support the first marketing application submission.

Total Revenue
$972K
Previous year: $352K
+176.1%
EPS
-$0.6
Previous year: -$1.8
-66.7%

Checkpoint Therapeutics

Checkpoint Therapeutics

Forward Guidance

The press release contains forward-looking statements regarding plans to submit BLAs and seek approvals for cosibelimab, the potential differentiation of cosibelimab, the half-life and functional Fc domain of cosibelimab translating into potential enhanced efficacy, statements relating to how long the company believes its cash will fund operations, growth strategy and product development programs.