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ABUS

Arbutus Biopharma Corporation

Arbutus Biopharma Corporation Q3 FY2023 earnings call

November 7, 2023 · fiscal period ended 2023-09

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Summary

Generated 2023-11-07

Management highlights

  • Pipeline optimization: Discontinued coronavirus research and oral RNA destabilizer, focusing on imdusiran and AB-101.
  • Workforce reduction: 24% reduction in workforce, maintaining discovery research in HBV.
  • Imdusiran updates: Phase 2a clinical trial with Barinthus Bio-therapeutics, presenting data at AASLD on combination with VTP-300; potential addition of low dose PD-1 inhibitor nivolumab.
  • AB-101 updates: Phase 1a/1b trial, single ascending dose in healthy subjects, data expected in first half 2024.
  • Bill Collier's retirement: To end of year, Mike McElhaugh to succeed as interim CEO effective January 1st.
View in transcript ↓

Segment performance

No detailed financial breakdown by product segments provided. Focus is on pipeline and clinical programs with imdusiran and AB-101 as key assets.

View in transcript ↓

Guidance

  • Cash runway extended to fund operations into first quarter 2026.
  • Expect data readouts for imdusiran and AB-101 in 2024, including Phase 2a data from imdusiran trial and initial data from AB-101's single ascending dose in healthy subjects.
View in transcript ↓

Risks

  • Forward-looking statements subject to risks detailed in SEC filings.
  • Pipeline execution risks, including clinical trial recruitment challenges and potential delays in data readouts.
View in transcript ↓

Q&A highlights

Q: Congrats to Bill on retirement and Mike on promotion. Questions on AB-101 results, preclinical studies, seroconversion, hepatitis delta.

A: Karen Sims discussed AB-101 Phase 1a study structure, data disclosure timeline; Michael Sofia talked about preclinical studies for AB-101 and hepatitis delta considerations.

Q: Questions about GSK deal, LNP litigation.

A: Michael Sofia commented on GSK deal as positive for hepatitis B field, no new news on LNP litigation.

Q: Questions about nivolumab trial timeline, AB-101 enrollment.

A: Bill Collier and Karen Sims discussed nivolumab trial timeframe and AB-101 enrollment details.

Q: Questions about nivolumab trial timeframe, AB-101 enrollment and combination with imdusiran.

A: Bill Collier and Karen Sims provided insights on nivolumab trial timeline and AB-101 enrollment, noting combination with imdusiran is a future aim.

View in transcript ↓

Key numbers

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Transcript

November 7, 2023

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