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Panbela Therapeutics | 10-K: Annual report

Panbela Therapeutics | 10-K: Annual report

Panbela Therapeutics | 10-K:年度报表
SEC announcement ·  03/26 16:20
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Panbela Therapeutics, a clinical-stage biopharmaceutical company, reported a net loss of $25.3 million for the fiscal year ended December 31, 2023, compared to a net loss of $34.9 million for the previous year. The company's operating expenses decreased by 24.8% to $25.6 million, down from $34.1 million in 2022, primarily due to reduced legal and financial advisory expenses and a decrease in research and development costs. Despite the net loss, Panbela made progress in its clinical trials, including the initiation of the ASPIRE trial for its lead candidate ivospemin (SBP-101) for the treatment of pancreatic cancer. The company also completed a strategic acquisition of Cancer Prevention Pharmaceuticals (CPP) and raised significant capital through public offerings and warrant exercises, totaling approximately $26.1 million in net financing activities. Panbela's cash and cash equivalents stood at $2.6 million as of December 31, 2023. The company's future plans include continuing its clinical development efforts, seeking regulatory approvals, and exploring additional financing options to support operations beyond the second quarter of 2024.
Panbela Therapeutics, a clinical-stage biopharmaceutical company, reported a net loss of $25.3 million for the fiscal year ended December 31, 2023, compared to a net loss of $34.9 million for the previous year. The company's operating expenses decreased by 24.8% to $25.6 million, down from $34.1 million in 2022, primarily due to reduced legal and financial advisory expenses and a decrease in research and development costs. Despite the net loss, Panbela made progress in its clinical trials, including the initiation of the ASPIRE trial for its lead candidate ivospemin (SBP-101) for the treatment of pancreatic cancer. The company also completed a strategic acquisition of Cancer Prevention Pharmaceuticals (CPP) and raised significant capital through public offerings and warrant exercises, totaling approximately $26.1 million in net financing activities. Panbela's cash and cash equivalents stood at $2.6 million as of December 31, 2023. The company's future plans include continuing its clinical development efforts, seeking regulatory approvals, and exploring additional financing options to support operations beyond the second quarter of 2024.
临床阶段的生物制药公司Panbela Therapeutics报告称,截至2023年12月31日的财年净亏损为2530万美元,而上一年的净亏损为3,490万美元。该公司的运营支出从2022年的3,410万美元下降了24.8%,至2560万美元,这主要是由于法律和财务咨询费用减少以及研发成本的减少。尽管出现净亏损,但Panbela的临床试验还是取得了进展,包括启动了用于治疗胰腺癌的主要候选药物依沃司佩明(SBP-101)的ASPIRE试验。该公司还完成了对癌症预防制药公司(CPP)的战略收购,并通过公开募股和认股权证行使筹集了大量资金,净融资活动总额约为2610万美元。截至2023年12月31日,Panbela的现金和现金等价物为260万美元。该公司的未来计划包括继续开展临床开发工作,寻求监管部门的批准,以及探索其他融资方案以支持2024年第二季度以后的运营。
临床阶段的生物制药公司Panbela Therapeutics报告称,截至2023年12月31日的财年净亏损为2530万美元,而上一年的净亏损为3,490万美元。该公司的运营支出从2022年的3,410万美元下降了24.8%,至2560万美元,这主要是由于法律和财务咨询费用减少以及研发成本的减少。尽管出现净亏损,但Panbela的临床试验还是取得了进展,包括启动了用于治疗胰腺癌的主要候选药物依沃司佩明(SBP-101)的ASPIRE试验。该公司还完成了对癌症预防制药公司(CPP)的战略收购,并通过公开募股和认股权证行使筹集了大量资金,净融资活动总额约为2610万美元。截至2023年12月31日,Panbela的现金和现金等价物为260万美元。该公司的未来计划包括继续开展临床开发工作,寻求监管部门的批准,以及探索其他融资方案以支持2024年第二季度以后的运营。
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