Compass Therapeutics Reports Third Quarter 2023 Financial Results and Provides Corporate Update
Transition to take place on January 9th 2024
- Transition to take place on January 9th 2024
Ended the third quarter with $164 million in cash and marketable securities, providing cash runway for the company into 2026
BOSTON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Compass Therapeutics, Inc. (Nasdaq: CMPX), a clinical-stage, oncology-focused biopharmaceutical company developing proprietary antibody-based therapeutics to treat multiple human diseases, today reported third quarter and year-to-date, 2023 financial results. - During the first nine months of 2023, the Company used $28 million of cash to fund operations.
- R&D expenses were $8.8 million for the quarter ended September 30, 2023, as compared to $9.8 million for the same period in 2022, a decrease of approximately $1.0 million or 10%.
- G&A expenses were $3.1 million for the quarter ended September 30, 2023, as compared to $2.8 million for the same period in 2022, an increase of $0.3 million or 10%.