Jun 30, 2024

Enliven Therapeutics Q2 2024 Earnings Report

Reported second quarter financial results and provided a business update

Key Takeaways

Enliven Therapeutics reported its second quarter financial results, highlighting the dosing of the first patient in the Phase 1b arm of the ELVN-001 clinical trial and the first patient in the Phase 1a clinical trial of ELVN-002. The company's cash, cash equivalents, and marketable securities totaled $312.4 million, expected to provide cash runway into late 2026.

Dosed the first patient in the Phase 1b arm of the clinical trial evaluating ELVN-001 in patients with CML.

Dosed the first patient in the Phase 1a clinical trial evaluating ELVN-002 in combination with trastuzumab +/- chemotherapeutic agents in HER2+ MBC and CRC.

Announced positive proof of concept data from the Phase 1a clinical trial in April.

Cash, cash equivalents and marketable securities totaled $312.4 million, which is expected to provide cash runway into late 2026.

EPS
-$0.41
Previous year: -$0.41
+0.0%
Gross Profit
-$79K
Cash and Equivalents
$312M
Previous year: $278M
+12.4%
Free Cash Flow
-$20.4M
Total Assets
$327M
Previous year: $289M
+13.4%

Enliven Therapeutics

Enliven Therapeutics

Forward Guidance

The company expects to provide additional Phase 1 data in 2025, including data from approximately 60-100 patients across various lines of therapy with significant follow-up. Phase 1 monotherapy data and initial Phase 1a combination data are expected in 2025.