Cardiff Oncology, Inc.
Cardiff Oncology, Inc. Q4 FY2023 earnings call
February 29, 2024 · fiscal period ended 2023-12
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2024-02-29
Management highlights
• Shifted mCRC program from second-line to first-line due to clinical signal, new mechanism of action, and FDA support. • Shared ONSEMBLE trial data supporting first-line strategy, including bev naïve patients showing robust responses with onvansertib plus standard of care. • Announced Pfizer Ignite program for CRDF-004 trial. • Provided updates on other trials: pancreatic cancer trial with three confirmed partial responses from initial four, and small lung cancer trial with first clinical data using onvansertib as single agent. • Discussed mechanism of action of onvansertib in the HIF1α pathway, complementary to bevacizumab.
Guidance
• Cash resources provide cash runway into Q3 2025. • CRDF-004 trial expected to release data in mid-2024 with objective response rate data for approximately half the enrolled patients.
Risks
• Forward-looking statements involve significant risks and uncertainties, including factors described in the Risk Factors section of the 10-K filed with the SEC.
Q&A highlights
Q: Any sense for how much data from the CRDF-004 trial will be released in mid-2024?
A: Will release data when there's approximately half the patients enrolled, with at least one scan after baseline.
Q: Performed PFS analysis on ONSEMBLE data?
A: Not rigorously done yet due to small number of patients, but there appears to be an emergent PFS signal.
Q: Safety run-in for FOLFOX in frontline trial?
A: First nine patients dosed will be evaluated by safety committee; no major toxicity expected.
Q: Updates on small cell lung cancer trial?
A: PI moved to another institution, slowing accrual.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $-0.21 | $-0.26 | +19.2% | — |
| Revenue | $156,000 | $40,000 | +290.0% | — |
Transcript
February 29, 2024Full transcript unavailable for redistribution
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