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Dec 31, 2020
Curis Q4 2020 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2020.
Key Takeaways
Curis, Inc. reported a net loss of $7.5 million, or $0.11 per share, for Q4 2020. Revenues for the quarter were $3.0 million. The company's cash, cash equivalents, and investments totaled $183.1 million as of December 31, 2020, expected to fund operations into 2024.
Significantly expanded IRAK4 inhibitor CA-4948 development, including new clinical trials and a CRADA with the NCI.
Presented CA-4948 Phase 1 data showing broad clinical activity in patients with R/R AML/MDS and R/R NHL.
Raised $169.6M in a December 2020 public offering, extending cash runway into 2024.
Multiple data readouts expected in 2021 from CA-4948 and anti-VISTA antibody CI-8993 clinical trials.
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CapyFin.com Forward Guidance
Curis anticipates several milestones in 2021, including reporting additional clinical data from ongoing trials and announcing initial safety and efficacy data from combination studies.
Positive Outlook
- Report additional clinical data from the Phase 1 study of CA-4948 in patients with AML and high-risk MDS in mid-year 2021.
- Report additional clinical biomarker data gathered in the Phase 1 study of CA-4948 in patients with R/R NHL in mid-year 2021.
- Announce initial safety and efficacy data from the ongoing Phase 1 study of CA-4948 in combination with ibrutinib in patients with R/R NHL in the second half of 2021.
- Report initial safety and efficacy data from the ongoing Phase 1a/1b dose-escalation study of CI-8993 for the treatment of R/R solid tumors in the second half of 2021.