Vor Bio Reports Second Quarter 2023 Financial Results and Provides Company Update
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Thursday, August 10, 2023
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VCAR33ALLO IND cleared by U.S. FDA; Rapidly activating sites toward study initiation
Key Points:
- VCAR33ALLO IND cleared by U.S. FDA; Rapidly activating sites toward study initiation
CAMBRIDGE, Mass., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Vor Bio (Nasdaq: VOR), a clinical-stage cell and genome engineering company, today reported financial results for the three-month period ended June 30, 2023, and provided a business update. - Research & Development (R&D) Expenses: R&D expenses for the second quarter of 2023 were $23.9 million, compared to $15.3 million for the second quarter of 2022.
- General & Administrative (G&A) Expenses: G&A expenses for the second quarter of 2023 were $8.3 million, compared to $6.5 million for the second quarter of 2022.
- Net Loss: Net loss for the second quarter of 2023 was $30.0 million, compared to $21.7 million for the second quarter of 2022.