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Jun 30, 2023

Mink Therapeutics Q2 2023 Earnings Report

Reported second quarter 2023 results and provided a corporate update.

Key Takeaways

MiNK Therapeutics reported its second quarter 2023 results, highlighting clinical progress with agenT-797 and the planned launch of a randomized Phase 2 trial in 2L gastric cancer. The company ended the quarter with a cash balance of $10.6 million.

Made significant clinical progress with agenT-797, showing persistence and clinical benefit in patients with solid tumor cancers.

Announced the planned launch of a randomized Phase 2 trial in 2L gastric cancer, expected to be fully externally funded and launch in early 3Q2023.

Preclinical data showed MiNK-215 exhibits robust therapeutic activity in non-small cell lung cancer models.

Data demonstrated the tolerable safety profile and survival benefit of iNKT cells in respiratory distress.

EPS
-$0.18
Previous year: -$0.18
+0.0%
Cash and Equivalents
$10.6M
Previous year: $29.8M
-64.4%
Free Cash Flow
-$4.19M
Previous year: -$4.69M
-10.7%
Total Assets
$12.1M
Previous year: $31.1M
-61.1%

Mink Therapeutics

Mink Therapeutics

Forward Guidance

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the federal securities laws, including statements regarding the therapeutic and curative potential of agenT-797, MiNK-215, and iNKT cells, mechanism of action, potency and safety, interim or top-line data, including statements regarding preclinical data of MiNK-215, the anticipated benefits of agenT-797 and MiNK-215, and clinical development plans and timelines.