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Sep 30, 2022

Mersana Q3 2022 Earnings Report

Mersana reported financial results for the third quarter of 2022 and provided a business update.

Key Takeaways

Mersana Therapeutics reported its Q3 2022 financial results, highlighting advancements in UpRi, expansion of the clinical pipeline, and strengthened balance sheet through partnerships.

Approximately 270 patients were enrolled in UPLIFT within one year.

UP-NEXT, a randomized Phase 3 clinical trial, was initiated.

Recent collaborations reflect progress in advancing innovative platforms.

The company believes accomplishments strengthen foundation and will enable entry into 2023 with momentum.

Total Revenue
$5.57M
Previous year: $11K
+50563.6%
EPS
-$0.61
Previous year: -$0.63
-3.2%
Gross Profit
-$45.1M
Previous year: -$35.3M
+27.8%
Cash and Equivalents
$184M
Previous year: $192M
-4.0%
Free Cash Flow
$54.2M
Previous year: -$36.1M
-249.9%
Total Assets
$315M
Previous year: $218M
+44.7%

Mersana

Mersana

Forward Guidance

This press release contains forward-looking statements regarding the therapeutic potential of Mersana’s product candidates, the potential of Mersana’s platforms and technology, the design, progression, timing and objectives of Mersana’s clinical trials and the release of data from those trials, including UPLIFT