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Dec 31, 2022

Janux Q4 2022 Earnings Report

Janux transitioned to a clinical-stage company by dosing the first patient with PSMA-TRACTr and advancing its pipeline utilizing its novel TRACTr and TRACIr platforms.

Key Takeaways

Janux Therapeutics reported financial results for the fourth quarter and full year ended December 31, 2022. The company's lead program PSMA-TRACTr (JANX007) continues to enroll in first-in-human Phase 1 clinical trial in prostate cancer patients and Janux received FDA clearance for Investigational New Drug (IND) application for EGFR-TRACTr (JANX008).

Lead program PSMA-TRACTr (JANX007) continues to enroll in first-in-human Phase 1 clinical trial in prostate cancer patients.

Janux received U.S. Food and Drug Administration (FDA) clearance for an IND application for EGFR-TRACTr (JANX008).

PD-L1xCD28 TRACIr (JANX009) on-track for an IND submission in 2023.

TROP2-TRACTr evaluations to support development candidate selection are ongoing.

Total Revenue
$2.85M
Previous year: $1.62M
+76.1%
EPS
-$0.39
Previous year: -$0.33
+18.2%
Gross Profit
$2.85M
Previous year: $1.55M
+83.3%
Cash and Equivalents
$327M
Previous year: $35.6M
+819.0%
Free Cash Flow
-$14M
Previous year: -$11.7M
+19.9%
Total Assets
$364M
Previous year: $380M
-4.2%

Janux

Janux

Forward Guidance

Janux anticipates providing an interim clinical update from the PSMA-TRACTr (JANX007) trial in the second half of 2023. In addition, Janux expects to select a development candidate for its TROP2-TRACTr in 2023.