The following is a summary of the GeoVax Labs, Inc. (GOVX) Q4 2023 Earnings Call Transcript:

Financial Performance:

• GeoVax Labs reported a net loss for 2023 of $265 million, or $14.29 per share, driven largely by increased clinical trial programs.

• Research and development expenses jumped to $20.7 million in 2023, mainly due to accelerated clinical programs and licensing of manufacturing technology.

• The company did not receive any grant revenues in 2023 compared to modest amounts in 2022.

• General and administrative expenses increased in 2023, largely attributed to legal, patent costs, consulting fees, personnel costs, and investor relations expenses.

• The cash balance was approximately $6.5 million at the end of 2023, compared to $27.6 million at the end of 2022.

Business Progress:

• The enrolment for the Gedeptin Phase 1/2 trial focusing on advanced head and neck cancer patients has been closed. Final trial results are expected in 2024.

• The company is making notable progress in COVID-19 vaccine GEO-CM04S1, aiming to stimulate a robust immune response against multiple virus variants.

• Three phase 2 trials for GEO-CM04S1 are underway, with positive initial data and final results expected in Q4 2024.

• GeoVax Labs aims for worldwide commercialization and distribution of GEO-CM04S1 through partnerships and collaborations.

• The company is holding discussions with BARDA about Project NextGen which could result in significant financing.

• The company plans to use the majority of its cash in 2024 to fund ongoing clinical programs and expects to raise more capital.

• Achieved full NASDAQ compliance following a reverse split in January 2023.

• The company is in advanced stages of developing their tech against solid tumors, including breast tumors.

• GeoVax Labs is working on establishing a pathway towards market registration for their MVA production for various vaccine candidates, expecting to share updates upon reaching a consensus.

More details: GeoVax Labs IR

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