Welcome to our dedicated page for Rapt Therapeutics news (Ticker: RAPT), a resource for investors and traders seeking the latest updates and insights on Rapt Therapeutics stock.
RAPT Therapeutics, Inc. (RAPT) is a clinical-stage biopharmaceutical leader developing oral therapies for oncology and inflammatory diseases. This news hub provides investors and industry professionals with verified updates on the company's scientific advancements and corporate developments.
Comprehensive Resource: Track all official announcements including clinical trial milestones, regulatory submissions, financial results, and strategic partnerships. Our curated collection ensures efficient access to material developments affecting RAPT's position in immunology-focused drug discovery.
Key Coverage Areas: Stay informed about CCR4-targeting therapies like tivumecirnon (FLX475) and inflammatory disease candidates such as zelnecirnon (RPT193). Receive updates on FDA communications, research collaborations, and pipeline expansion efforts without speculative commentary.
Strategic Monitoring: Bookmark this page for real-time access to primary source materials. Professionals relying on precision medicine updates will find this centralized repository essential for tracking RAPT's progress in addressing unmet medical needs through innovative immunology approaches.
RAPT Therapeutics (Nasdaq: RAPT) reported financial results for Q2 2024. Key points include:
- Net loss of $27.7 million in Q2 2024, up from $25.3 million in Q2 2023
- R&D expenses increased to $22.6 million in Q2 2024 from $21.6 million in Q2 2023
- G&A expenses remained unchanged at $6.7 million for both Q2 2024 and Q2 2023
- Cash and equivalents of $114.8 million as of June 30, 2024
- Workforce reduction of 40% (47 people) announced on July 16, 2024
The company continues to analyze data from Phase 2 trials of zelnecirnon in atopic dermatitis and asthma, which were closed early due to FDA clinical holds in February.
RAPT Therapeutics, Inc. reported its financial results for the first quarter of 2024, maintaining a solid cash position of $141.6 million. The company decided to close and unblind its Phase 2b clinical trial of zelnecirnon in atopic dermatitis and its Phase 2a trial in asthma due to a serious adverse event of liver failure. Despite challenges, the company remains optimistic about the data collected and is working towards completing the analysis in the third quarter of the year.
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