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Stock impact report

Ikena Oncology Reports Third Quarter 2024 Financial Results

Ikena Oncology, Inc. (IKNA) 
Company Research Source: GlobeNewswire
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Ikena Oncology, Inc. (Nasdaq: IKNA, “Ikena,” “Company”) today announced financial results for the third quarter ended September 30, 2024, and provided an update regarding its ongoing activities. Pipeline and Corporate Updates Dose escalation in the Phase 1 study of IK-595 in patients with RAS and RAF mutant cancers continues, with multiple cohorts having cleared their safety evaluation period Promising early pharmacokinetics (PK) and pharmacodynamics (PD) activity has been observed, with dose dependent exposure and target modulation measured in the blood The Company continues to evaluate a range of potential strategic options to maximize shareholder value Financial Results for the Quarter Ended September 30, 2024 As of September 30, 2024, the Company had cash, cash equivalents, and marketable securities of $138.0 million. Research and development expenses for the three months ended September 30, 2024 and 2023 were $6.8 million and $14.7 Show less Read more
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