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Mar 31, 2021

Repare Therapeutics Q1 2021 Earnings Report

Repare Therapeutics reported financial results for Q1 2021 and provided a business update.

Key Takeaways

Repare Therapeutics reported a net loss of $21.4 million for the first quarter of 2021. The company highlighted the progress of its RP-3500 and RP-6306 programs and announced the enrollment of the first patient in the RP-6306 Phase 1 clinical trial.

Advanced the Phase 1/2 clinical development of ATR inhibitor RP-3500, with initial results expected from the monotherapy arm of the trial in the second half of 2021.

The PARP inhibitor and RP-3500 combination arm is now recruiting.

First patient has been dosed in Phase 1 clinical trial of RP-6306, materially ahead of the initial timeline.

Highlighted program progress and introduced PKMYT1 as synthetic-lethal target to CCNE1 and FBXW7 at RP-6306 Virtual Investor Day Event.

Total Revenue
$166K
EPS
-$0.58
Previous year: -$0.4
+45.0%
Net R&D Expenses
$16.5M
Previous year: $8.63M
+91.3%
G&A Expenses
$5.24M
Previous year: $2.18M
+139.9%
Cash and Equivalents
$311M
Total Assets
$339M

Repare Therapeutics

Repare Therapeutics