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Mar 31, 2024

Mersana Q1 2024 Earnings Report

Mersana reported financial results for Q1 2024 and provided a business update.

Key Takeaways

Mersana Therapeutics continues to advance its Phase 1 clinical trial of XMT-1660 and resumed patient recruitment in its Phase 1 clinical trial of XMT-2056. The company plans to share initial dose escalation and backfill cohort data and initiate the expansion portion of the trial in the second half of 2024.

Advanced Phase 1 clinical trial of XMT-1660, with plans to share initial data and initiate expansion in the second half of 2024.

Resumed patient recruitment for Phase 1 clinical trial of XMT-2056 after lifting of clinical hold.

Continued collaborations with Johnson & Johnson and Merck KGaA, Darmstadt, Germany.

Presented preclinical and clinical Dolasynthen data demonstrating potential to reduce adverse events.

Total Revenue
$9.25M
Previous year: $7.8M
+18.5%
EPS
-$0.16
Previous year: -$0.52
-69.2%
R&D Expenses
$18.7M
G&A Expenses
$11.6M
Gross Profit
$8.82M
Previous year: $7.48M
+17.9%
Cash and Equivalents
$183M
0
Free Cash Flow
-$32.8M
Previous year: -$29.9M
+9.6%
Total Assets
$198M
Previous year: $296M
-33.0%

Mersana

Mersana

Mersana Revenue by Segment

Forward Guidance

Mersana plans to share initial dose escalation and backfill cohort data and initiate the expansion portion of the trial in the second half of 2024. The company plans to advance dose escalation in this trial in 2024.