Curis Q1 2021 Earnings Report
Key Takeaways
Curis reported a net loss of $9.9 million, or $0.11 per share, for the first quarter of 2021, compared to a net loss of $9.7 million, or $0.28 per share, for the same period in 2020. Revenues for the first quarter of 2021 were $2.2 million, compared to $2.7 million for the same period in 2020. As of March 31, 2021, Curis's cash, cash equivalents and investments totaled $168.4 million.
Continued momentum for pipeline of next generation targeted cancer therapies.
CA-4948 now in three clinical trials after expanding into one new study with the Phase 2 LUCAS IST for patients with lower-risk MDS.
Phase 1/2 study in R/R NHL expanded to include the combination of CA-4948 plus ibrutinib; dosing was initiated in Q1.
CA-4948 was granted Orphan Drug designation from the FDA for the treatment of AML and MDS.
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Curis Revenue by Segment
Forward Guidance
Curis expects that its existing cash, cash equivalents and investments should enable it to maintain its planned operations into 2024.
Positive Outlook
- Report additional clinical data at the EHA 2021 Virtual Congress from the Phase 1/2 monotherapy study of CA-4948 in patients with AML and MDS.
- Initiate dosing in the Phase 1/2 combination study of CA-4948 plus azacitidine and CA-4948 plus venetoclax in patients with R/R AML and MDS.
- Report initial data from the ongoing Phase 1/2 combination study of CA-4948 plus ibrutinib in patients with R/R NHL in the second half of 2021.
- Report initial data from the ongoing Phase 1 monotherapy study of CI-8993 for the treatment of R/R solid tumors in the second half of 2021.