Nurix Q2 2022 Earnings Report
Key Takeaways
Nurix Therapeutics reported collaboration revenue of $11.4 million for the second quarter of 2022, compared to $7.1 million for the same period in 2021. The net loss for the quarter was $45.4 million, or ($1.01) per share, compared to a net loss of $26.4 million, or ($0.60) per share for the same period in 2021. The company's cash, cash equivalents, and investments totaled $348.8 million as of May 31, 2022.
NX-2127 advanced to Phase 1b in CLL based on promising data in Phase 1a clinical trial
First patient dosed in NX-5948 Phase 1a clinical trial for certain B-cell malignancies
NX-1607 IND cleared FDA for expansion of enrollment to U.S. clinical sites for patients with solid tumors
Research engine achieved collaboration milestone for fifth consecutive quarter
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Nurix Revenue by Segment
Forward Guidance
Nurix anticipates a payment of $1.5 million in the third fiscal quarter of 2022 related to a research milestone achieved under its collaboration with Gilead.