Theriva™ Biologics Reports First Quarter 2024 Operational Highlights and Financial Results
ROCKVILLE, Md., May 07, 2024 (GLOBE NEWSWIRE) -- Theriva™ Biologics (NYSE American: TOVX), a diversified clinical-stage company developing therapeutics designed to treat cancer and related diseases in areas of high unmet need, today reported financial results for the first quarter ended March 31, 2024, and provided a corporate update.
- The trial is expected to enroll 92 evaluable patients and is expected to complete enrollment in the third quarter of 2024.
- The trial has completed enrollment into the second cohort and a data readout are expected in the third quarter of 2024.
- First Quarter Ended March 31, 2024 Financial Results
General and administrative expenses decreased to $1.9 million for the three months ended March 31, 2024, from $2.2 million for the three months ended March 31, 2023. - Cash and cash equivalents totaled $18.3 million as of March 31, 2024, compared to $23.2 million as of December 31, 2023.