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Jun 30, 2021
Zentalis Q2 2021 Earnings Report
Reported promising new interim data on both ZN-c3 and ZN-c5, highlighting their potentially best-in-class profiles.
Key Takeaways
Zentalis Pharmaceuticals reported financial results for the second quarter ended June 30, 2021. The company raised approximately $173 million in gross proceeds from a recent follow-on offering and had significant clinical and regulatory advances.
Reported promising new interim data on both ZN-c3 and ZN-c5.
Dosed the first patient in a potentially registrational Phase 2 trial of ZN-c3 in patients with uterine serous carcinoma (USC).
Raised approximately $173 million in gross proceeds from recent follow-on offering.
ZN-c3 demonstrated additional deepening and durable tumor responses, identifying potential accelerated approval paths in USC and a biomarker-driven setting.
Forward Guidance
Zentalis believes that its existing cash, cash equivalents and marketable securities as of June 30, 2021, together with the net proceeds from its July 2021 follow-on offering, will enable it to fund its operating expenses and capital expenditure requirements into the third quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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