Caribou Biosciences Reports Second Quarter 2023 Financial Results and Provides Business Update
-- Closed upsized public offering including full exercise of underwriters’ option to purchase additional shares, delivering $134.6 million in net proceeds --
- As of the June 20, 2023 data cutoff date, results demonstrated:
CB-010 was generally well tolerated with adverse events consistent with autologous and allogeneic anti-CD19 CAR-T cell therapies. - $25.0 million Pfizer investment: On June 30, 2023, Pfizer invested $25.0 million in Caribou common shares.
- This amount does not include the approximately $134.6 million in net proceeds from the Company’s underwritten public offering completed in the third quarter of 2023.
- Net loss: Caribou reported a net loss of $29.5 million for the three months ended June 30, 2023, compared to $26.7 million for the same period in 2022.