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First Quarter 2019 Financial Results
Cash Position: As of March 31, 2019, Catabasis had cash, cash equivalents and short-term investments of $51.7 million, compared to $37.6 million as of December 31, 2018. Based on the Company’s current operating plan, Catabasis expects that it has sufficient cash to fund operations through top-line Phase 3 results and into the fourth quarter of 2020. Net cash used in operating activities for the three months ended March 31, 2019 was $6.6 million, compared to $6.8 million for the three months ended March 31, 2018.
R&D Expenses: Research and development expenses were $4.2 million for the three months ended March 31, 2019, compared to $5.2 million for the three months ended March 31, 2018.
G&A Expenses: General and administrative expenses were $2.1 million for the three months ended March 31, 2019, compared to $2.4 million for the three months ended March 31, 2018.
Operating Loss: Loss from operations was $6.3 million for the three months ended March 31, 2019, compared to $7.6 million for the three months ended March 31, 2018.
Net Loss: Net loss was $6.0 million, or $0.62 per share, for the three months ended March 31, 2019, compared to a net loss of $7.7 million, or $2.88 per share, for the three months ended March 31, 2018.
https://www.businesswire.com/news/home/2...al-Results
Ojay
Cash Position: As of March 31, 2019, Catabasis had cash, cash equivalents and short-term investments of $51.7 million, compared to $37.6 million as of December 31, 2018. Based on the Company’s current operating plan, Catabasis expects that it has sufficient cash to fund operations through top-line Phase 3 results and into the fourth quarter of 2020. Net cash used in operating activities for the three months ended March 31, 2019 was $6.6 million, compared to $6.8 million for the three months ended March 31, 2018.
R&D Expenses: Research and development expenses were $4.2 million for the three months ended March 31, 2019, compared to $5.2 million for the three months ended March 31, 2018.
G&A Expenses: General and administrative expenses were $2.1 million for the three months ended March 31, 2019, compared to $2.4 million for the three months ended March 31, 2018.
Operating Loss: Loss from operations was $6.3 million for the three months ended March 31, 2019, compared to $7.6 million for the three months ended March 31, 2018.
Net Loss: Net loss was $6.0 million, or $0.62 per share, for the three months ended March 31, 2019, compared to a net loss of $7.7 million, or $2.88 per share, for the three months ended March 31, 2018.
https://www.businesswire.com/news/home/2...al-Results
Ojay
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Quidquid agis, prudenter agas et respice finem !
