The following is a summary of the Plus Therapeutics, Inc. (PSTV) Q4 2023 Earnings Call Transcript:
Financial Performance:
Plus Therapeutics reported a decrease in cash reserves to $8.6 million by the end of 2023, from $18.1 million the previous year.
Grant revenue increased significantly, from $0.2 million in 2022 to $4.9 million in 2023, reflecting progress on the LM indication.
Total operating expenses dropped from last year's $19.7 million to $18.2 million.
Net loss also decreased by $6.9 million, from $20.3 million in 2022 to $13.3 million in 2023.
Business Progress:
Plus Therapeutics is expanding the LM clinical trial, aiming to add more clinical sites and enroll more patients.
The company has received preliminary agreement for orphan drug designation for breast cancer with leptomeningeal complications and has started FDA engagement for the submission of the final IND application.
The ReSPECT-LM Phase 1/2 trial and ReSPECT-GBM trial are both progressing well, with a plan to update trial data at the SNO meeting in November 2024.
Plus Therapeutics has successfully integrated a newly acquired cerebrospinal fluid tumor cell testing technology into the ReSPECT-LM trial.
Looking ahead, the company plans to initiate a phase 1 pediatric brain cancer trial pending FDA approval, and continue building its pipeline.
More details: Plus Therapeutics IR
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