Zura Bio reports Q3 EPS (18c), consensus (25c)

Zura Bio anticipates that its cash and cash equivalents are sufficient to fund its planned operations into 2026. “In Q3, Zura Bio made significant progress in its strategic planning across various key areas, including Clinical, Regulatory, CMC, and Translational Science. This progress positions Zura Bio for clinical trial readiness in 2024,” stated CEO Someit Sidhu. “In support of the upcoming clinical trial for ZB-168, an anti-IL-7R monoclonal antibody intended for the treatment of alopecia areata, we achieved several milestones. These include the submission and feedback from a Ty(pe B meeting request to the FDA, the transfer of technology to our Contract Development and Manufacturing Organization, and the selection of a Contract Research Organization to assist with site selection and the initiation of trial activities in the coming months. Furthermore, we are excited to announce our collaboration with the Benaroya Research Institute through a sponsored research agreement…As we continue to strengthen our scientific rationale and gather more data, we look forward to sharing additional insights. Beyond our work on ZB-168, we are actively engaged in planning and collaboration with thought leaders and experts to advance our leading asset, ZB-106, in the treatment of systemic sclerosis and hidradenitis suppurativa. We anticipate commencing clinical activities in the second half of 2024.”