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Jun 30, 2024

PDS Biotechnology Q2 2024 Earnings Report

PDS Biotech reported a net loss and provided a business update.

Key Takeaways

PDS Biotech reported a net loss of $8.3 million for Q2 2024, a decrease from the $11.5 million net loss in Q2 2023, driven by lower operating expenses. The company is preparing to initiate a Phase 3 trial in Q4 2024.

Aligned with FDA on Phase 3 trial design for Versamune® HPV + pembrolizumab in first-line recurrent/metastatic HPV16-positive HNSCC.

VERSATILE-003 Phase 3 trial statistical endpoints revised for robustness based on VERSATILE-002 trial results.

Updated data from VERSATILE-002 trial to be presented at ESMO Congress 2024.

Abstracts accepted for presentation at ESMO, ASTRO, and the International Cytokine and Interferon Society meetings.

Total Revenue
$0
EPS
-$0.23
Previous year: -$0.37
-37.8%
R&D Expenses
$4.53M
Previous year: $8M
-43.4%
G&A Expenses
$4.16M
Previous year: $4.69M
-11.4%
Gross Profit
$0
Cash and Equivalents
$57.7M
Previous year: $60.6M
-4.8%
Free Cash Flow
-$8.89M
Previous year: -$4.81M
+84.6%
Total Assets
$60.5M
Previous year: $63.8M
-5.1%

PDS Biotechnology

PDS Biotechnology

Forward Guidance

PDS Biotech is planning to initiate the Phase 3 VERSATILE-003 trial in Q4 2024.