stcks
Nov 4, 9:46 PM
$RCUS RCUS Q3 after the close (medium impact, mixed to neutral).
Arcus release
Revenue was
$9M, down from
$26M a year ago, and the net loss was
$128M.
It had
$694M in cash at quarter end, plus
$288M gross from the October stock sale. Arcus says that funds operations into 2029.
Its second-line Phase 3 kidney cancer trial, PEAK-1, should finish enrolling in 2 to 3 months.
PEAK-20, its first-line Phase 3 trial, is still on track to start by year-end. More mature ARC-20 data is due in 2027.
With no pipeline surprises and the cash already raised, this probably won't move the stock much. RCUS closed up 2.38% at
$19.36.
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