The following is a summary of the BioAtla, Inc. (BCAB) Q4 2023 Earnings Call Transcript:

Financial Performance:

• BioAtla's Research and Development expenses for Q4 2023 were $22.7 million, increased from Q4 2022's $21.9 million.

• General and administrative expenses were down to $5.9 million in Q4 2023 from $6.7 million in Q4 2022.

• BioAtla recorded a net loss of $26.9 million for Q4 2023, a decrease compared to a net loss of $27.6 million in Q4 2022.

• Cash and cash equivalents as of December 31, 2023, were $111.5 million, a decrease from $215.5 million as of December 31, 2022.

Business Progress:

• BioAtla made significant progress in 2023 across multiple ongoing clinical trials, specifically in the development of therapies using their proprietary conditionally active biologics (CABs) platform.

• Their CAB-CTLA-4 IO antibody has shown promising results in trials, and ongoing clinical trials are expected to continue advancing throughout 2024.

• The company also projected upcoming trials in 2024 for their CAB-AXL-ADC and CAB-EpCAM x CAB-CD3 programs.

• They are progressing with their CTLA-4 inhibition treatment aiming to make it a commonly considered option similar to a PD-1 inhibitor in cancer treatment.

• A subset of non-small cell lung cancer patients are a particular focus for this treatment, intending to improve on the efficacy and tolerability of current standard medications.

• Their current cash reserves are expected to fund operations into the second half of 2025.

More details: BioAtla IR

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