Savara reports Q3 EPS (10c), consensus (7c)

As of September 30, 2023, the Company had cash, cash equivalents and short-term investments of ~$168.3 million and debt of ~$26.3 million. “We remain on track to report top line data from the pivotal, Phase 3 IMPALA-2 trial by the end of the second quarter 2024,” said Matt Pauls, Chair and CEO, Savara. “In parallel, we are working to provide pulmonologists in the U.S. and Europe with a simple, accurate, no-cost, laboratory-based antibody blood test for aPAP. This antibody test is expected to be available in the U.S. by the end of this year and in Europe by the end of 2024. We will also be launching a supporting disease awareness campaign that will educate pulmonologists on the hallmark signs and symptoms of aPAP. Lastly, with approximately $168M in cash, we have a strong balance sheet and believe we are capitalized into 2026.”