Disc Medicine Q3 2021 Earnings Report
Key Takeaways
Gemini Therapeutics reported a net loss of $18.6 million, or $0.43 per share, for the three months ended September 30, 2021. The company held $150.1 million in cash as of September 30, 2021.
Presented safety data from ReGAtta Phase 2a study of GEM103 at AAO 2021, showing it was generally well-tolerated with no increased risk of CNV.
Presented GEM103 biology and development at the 2nd Annual Dry AMD Therapeutic Development Summit.
Announced corporate restructuring to prioritize late-stage clinical development of GEM103 for GA.
Presented preclinical data on GEM103 at the 13th International Conference on Complement Therapeutics.
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Forward Guidance
The company is scheduled to meet with the FDA in Q4 2021 and expects to initiate a late-stage trial for GEM103 in patients with GA in Q1 2022.