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Dec 31, 2022

PMV Pharma Q4 2022 Earnings Report

PMV Pharma reported financial results for full year 2022 and provided a corporate update.

Key Takeaways

PMV Pharmaceuticals reported cash, cash equivalents, and marketable securities of $243.5 million as of December 31, 2022. Net loss for the year ended December 31, 2022, was $73.3 million. The company is focusing on clinical development of PC14586 and the pipeline program R282W.

Continued progress in ongoing Phase 1/2 PYNNACLE study of PC14586.

Enrolled first patient in combination arm of the PYNNACLE study with PC14586 and KEYTRUDA.

Cash, cash equivalents, and marketable securities totaled $243.5 million as of December 31, 2022.

Preliminary results from the ongoing Phase 1/2 PYNNACLE study of PC14586 were featured at ASCO 2022 Annual Meeting.

EPS
-$0.43
Previous year: -$0.4
+7.5%
Cash and Equivalents
$108M
Previous year: $172M
-37.2%
Free Cash Flow
-$17M
Previous year: -$12.3M
+38.0%
Total Assets
$270M
Previous year: $332M
-18.5%

PMV Pharma

PMV Pharma

Forward Guidance

PMV expects to provide next clinical update in 2H 2023.