Mar 31, 2023

Checkpoint Therapeutics Q1 2023 Earnings Report

Checkpoint Therapeutics reported financial results for the first quarter ended March 31, 2023.

Key Takeaways

Checkpoint Therapeutics announced the FDA accepted the BLA filing for cosibelimab in March and is preparing for a potential commercial launch in 2024. The company is also progressing active discussions with third parties to evaluate potential partnerships and other corporate development transactions.

FDA accepted the BLA filing for cosibelimab for metastatic or locally advanced cutaneous squamous cell carcinoma.

PDUFA goal date of January 3, 2024, was set for cosibelimab.

Checkpoint is preparing for a potential commercial launch in 2024.

Active discussions are ongoing with multiple third parties regarding potential partnerships and other corporate development transactions.

Total Revenue
$35K
Previous year: $52K
-32.7%
EPS
-$0.89
Previous year: -$2
-55.5%
Gross Profit
$35K
Cash and Equivalents
$4.85M
Previous year: $41.5M
-88.3%
Total Assets
$5.9M
Previous year: $42.9M
-86.3%

Checkpoint Therapeutics

Checkpoint Therapeutics

Forward Guidance

The press release contains forward-looking statements regarding the FDA review of the BLA for cosibelimab, the commercial potential of cosibelimab if approved, and projections of publication and regulatory review timelines.