Zynerba Pharmaceuticals Reports Third Quarter 2022 Financial Results and Operational Highlights
DEVON, Pa., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Zynerba Pharmaceuticals, Inc. (Nasdaq: ZYNE), the leader in innovative pharmaceutically-produced transdermal cannabinoid therapies for orphan neuropsychiatric disorders, today reported financial results for the third quarter ended September 30, 2022, and provided an overview of recent operational highlights and a pipeline update.
- $55.9 million in cash and cash equivalents at September 30, 2022; Cash runway into first quarter 2024
DEVON, Pa., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Zynerba Pharmaceuticals , Inc. (Nasdaq: ZYNE), the leader in innovative pharmaceutically-produced transdermal cannabinoid therapies for orphan neuropsychiatric disorders, today reported financial results for the third quarter ended September 30, 2022, and provided an overview of recent operational highlights and a pipeline update. - The Company currently plans to initiate a Phase 3 program in children and adolescents with 22q following topline results from RECONNECT.
- Research and development expenses were $5.0 million for the third quarter of 2022, including stock-based compensation of $0.5 million.
- General and administrative expenses were $3.5 million in the third quarter of 2022, including stock-based compensation expense of $0.6 million.