Aerovate Therapeutics reported a net loss of $13.6 million for the third quarter ended September 30, 2022, compared to a net loss of $6.2 million for the third quarter ended September 30, 2021. Research and development expenses were $10.8 million, and general and administrative expenses were $3.4 million. Cash, cash equivalents, and short-term investments totaled $142.6 million as of September 30, 2022.