Reports Q3 revenue $6.4M, consensus $4.32M. "I am thrilled we are able to share an update on IK-175 later this week at SITC, and that we are seeing a benefit for some patients in such a heavily pre-treated population. We believe IK-175 has the potential to expand the number of cancer patients who can benefit from immune therapy and are looking forward to continuing our efforts with our collaborator, Bristol Myers Squibb," commented Mark Manfredi, PhD, Chief Executive Officer at Ikena. "It has been an extremely productive time for us in our targeted oncology efforts as well, with our RAS pathway development candidate coming shortly, and advancing our TEAD program. IK-930’s progress in the clinic, and the data demonstrating IK-930’s potential in preventing and reversing resistance to targeted agents, bring us several key steps closer towards our goal of getting this unique and novel therapy to patients."
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on IKNA:
- iKena Oncology presents preclinical data on IK-930
- Ikena Oncology Presents Preclinical Data at the 34th EORTC-NCI-AACR Symposium on Novel TEAD Inhibitor, IK-930, Combating Therapeutic Resistance
- Ikena Oncology Provides Research & Development Update on IK-930 Program Targeting the Hippo Pathway
- iKena Oncology provides research, development update on IK-930 program
- Ikena Oncology to Present Initial Phase 1a/b Results from Novel AHR Inhibition Program at the 2022 Society for Immunotherapy of Cancer (SITC) 37th Annual Meeting