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Stock impact report

Larimar Therapeutics Reports Second Quarter 2024 Operating and Financial Results

Larimar Therapeutics, Inc. (LRMR) 
Company Research Source: GlobeNewswire
Open label extension (OLE) study is progressing with all 7 sites activated; interim data planned for Q4 2024Selected by Food and Drug Administration (FDA) to participate in Support for Clinical Trials Advancing Rare Disease Therapeutics (START) pilot program for nomlabofusp Joined TRACK-FA Neuroimaging Consortium as an industry partner; TRACK-FA collects natural history data to establish disease-specific neuroimaging biomarkers for potential use in clinical trialsPlanning initiation of pharmacokinetic (PK) run-in study in adolescents by year-end 2024; plan to transition adolescents into ongoing OLE study upon completion of PK studyPlanning initiation of global confirmatory study by mid-2025 with potential sites in the U.S., Europe, U.K., Canada, and AustraliaBiologics License Application (BLA) filing targeted for 2H 2025 to support accelerated approvalStrong balance sheet of $226.1 million cash, cash equivalents and marketable securities as of June 30, 2024, with projected cash runway Show less Read more
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