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Dec 31, 2023

Mink Therapeutics Q4 2023 Earnings Report

Reported fourth quarter and full-year 2023 results.

Key Takeaways

MiNK Therapeutics reported its Q4 and full-year 2023 financial results, highlighting the progression of its lead program, agenT-797, into a Phase 2 study in gastroesophageal cancers. The company ended the year with a cash balance of $3.4 million and reported a net loss for the year of $22.5 million, or $0.65 per share.

Advanced allogeneic iNKT cell programs, contributing to clinical data.

Expanded pipeline and solidified partnerships, including a research agreement with ImmunoScape.

Progressed agenT-797 into a Phase 2 study in gastroesophageal cancers.

Anticipate sharing initial trial data later this year.

Total Revenue
-$11.7B
Previous year: $2.7B
-532.9%
EPS
-$0.16
Previous year: -$0.23
-30.4%
Cash Used in Operations
$3.04M
Gross Profit
$0
Cash and Equivalents
$3.4M
Previous year: $19.6M
-82.7%
Free Cash Flow
-$3.04M
Previous year: -$4.56M
-33.4%
Total Assets
$4.55M
Previous year: $21.5M
-78.8%

Mink Therapeutics

Mink Therapeutics

Forward Guidance

MiNK Therapeutics is focused on advancing its lead program, agenT-797, particularly in indications with promising proof-of-concept data and anticipates sharing initial trial data later this year.