Skip to content
IKT

Inhibikase Therapeutics, Inc.

Inhibikase Therapeutics, Inc. Q3 FY2022 earnings call

November 15, 2022 · fiscal period ended 2022-09

EPS · actual vs est

/

Revenue · actual vs est

/
Ask about this call

Summary

Generated 2022-11-15

Management highlights

  • FDA issued clinical hold on IkT-148009-201 program in PD and use in MSA; official letter to be issued within 30 days.
  • Observed only two mild adverse events in Phase 2a 201 trial, no serious adverse events; planning blinded safety assessment.
  • Phase 1/1b study of IkT-148009 showed safety, well-tolerated over 7 days with CNS penetration.
  • Preclinical efforts advancing IkT-001Pro towards clinic by end of year; FDA cleared IND for IkT-001Pro.
  • IkT-001Pro is prodrug formulation of imatinib to improve safety for CML; aiming for single ascending dose 501 bio-equivalence study.
  • As of 9/30/2022, had ~$26.5M in cash, etc.; net loss $4.5M; cash expected to fund ops through Feb 2024.
View in transcript ↓

Segment performance

No distinct product segments with revenue contribution details provided; focus is on specific drug programs like IkT-148009 and IkT-001Pro.

View in transcript ↓

Guidance

  • Existing cash, etc. will fund normal operations and capital expenditures through February 2024, subject to FDA discussions on 148009 program.
  • Expect to initiate 501 bioequivalence study for IkT-001Pro by end of 2022.
View in transcript ↓

Risks

  • FDA clinical hold on IkT-148009 programs in PD and MSA; need to resolve FDA concerns.
  • Uncertainties in restarting the study once clinical hold is lifted and discussions with FDA occur.
View in transcript ↓

Q&A highlights

Q: A: Q: A:

View in transcript ↓

Key numbers

Reported versus consensus

Earnings calendar feed

MetricReportedConsensusDeltaPrior year
EPS
Revenue

Transcript

November 15, 2022

Full transcript unavailable for redistribution

The structured summary above covers the available call sections. Full transcript text is not included on this page.

Continue exploring

Prior quarters

This page presents the stored structured earnings-call summary and deterministic earnings calendar values. How this is generated. For informational purposes only; not investment advice.