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Faeth Therapeutics (Nasdaq: FTH) reported Q2 2026 cash, cash equivalents and marketable securities of $186.4 million as of June 30, 2026, up from $21.2 million at December 31, 2025, supported by a concurrent $200 million PIPE financing completed with its combination with Sensei Biotherapeutics.
The company is advancing PIKTOR, dosing the first patient in April in its Phase 1b/2 PIK-101 trial for HR+/HER2- advanced breast cancer and targeting year-end 2026 topline Phase 2 PIK-201 data in endometrial cancer. Q2 R&D and G&A expenses each rose to $9.2 million, and net loss widened to $16.0 million. Faeth changed its name and ticker to FTH in June and refreshed leadership and its board.
Faeth Therapeutics (Nasdaq: FTH) granted stock options to two new employees under its 2026 Inducement Plan, in line with Nasdaq Listing Rule 5635(c)(4). The awards cover an aggregate of 25,500 shares of common stock, granted on July 20, 2026 at an exercise price of $28.19 per share, equal to the closing market price that day. The options vest 25% on the first anniversary of each employee’s start date, with the remaining 75% vesting in 36 substantially equal monthly installments, subject to continued service.
Faeth Therapeutics (Nasdaq:FTH) granted stock options to six new employees under its 2026 Inducement Plan, compliant with Nasdaq Listing Rule 5635(c)(4).
The awards cover 180,350 shares total, at exercise prices matching the June 25 and June 29, 2026 closing prices, with four-year vesting.
Faeth Therapeutics (Nasdaq:FTH), formerly Sensei Biotherapeutics, changed its name and will begin trading under ticker FTH on June 16, 2026. Stockholders approved conversion of Series B preferred shares issued in the February 2026 Faeth acquisition and concurrent private placement, which raised about $200 million.
The company is advancing PIKTOR, an oral multi-node PI3K/AKT/mTOR inhibitor, with topline Phase 2 data in advanced endometrial cancer expected in the second half of 2026 and interim Phase 1b/2 data in HR+/HER2- breast cancer expected in 2027. A new executive team and refreshed board, including former FDA Commissioner Stephen M. Hahn, M.D., is in place.