Turnstone Biologics reports Q3 EPS ($1.00) vs. ($6.15) last year

As of September 30, 2023, cash, cash equivalents and short-term investments were $109.1 million. The Company expects that the combined cash, cash equivalents and short-term investments will be sufficient to fund its operations into the second quarter of 2025. “We continue to make progress advancing our pipeline of Selected TIL therapies and we believe we are well-capitalized to deliver on value-creating milestones. At SITC, we presented encouraging preclinical data that demonstrated our ability to successfully identify, select and expand the most potent tumor-reactive T cells, a lack thereof we believe to be a fundamental barrier in the field to the effective application of current TIL therapies across a wider range of solid tumors. We remain focused on execution and are on track to report initial clinical data in several solid tumor indications for TIDAL-01 in mid-2024,” said Sammy Farah, M.B.A., Ph.D., Turnstone’s President and Chief Executive Officer. “I would also like to take this opportunity to convey sincere gratitude for the support of staff at clinical sites, physicians, patients and their loved ones, and our talented employees whose tireless efforts enable Turnstone’s mission.”