Feb. 3 at 3:33 AM
$MAIA Very important to note the cash burn timing vs interim Phase 3 data release. Interim Phase 3 Data is targeted for 2026 (below). Cash Burn Timing with current cash to last mid-to-late 2026 (below). Stan Smith and team have managed to securing funding on a fund as you need it without exposing MAIA to high dilution or VC control, I think they can fill the gap until the Interim Data is released.
Cash Burn
MAIA's latest reported cash position was ~
$10.9M as of September 30, 2025 (Q3 2025 10-Q), bolstered by ~
$17.6M raised throughout 2025 (including a ~
$1.51M private placement closed in late December 2025) and a
$2.3M NIH grant, with an estimated annual burn rate of ~
$15-18M suggesting runway potentially into mid-to-late 2026 without further funding.
Interim Phase 3
Interim Phase 3 (THIO-104) efficacy data (e.g., ORR, PFS, DCR) is targeted for 2026 per the company's January 20, 2026 update, which, if positive, could dramatically extend runway via big pharma partnerships, major raises, non-dilutive funding, or accelerated approval paths under Fast Track designation.
Summary
Positive interim results will "change everything" by attracting big pharma partnerships (leveraging "FAT STACKS OF $$$ AND STOCK" as speculated in posts), non-dilutive funding, or major equity raises, extending runway indefinitely and boosting valuation in the
$50B+ immunotherapy market.
NFA DYOR