Earnings Call Summary | Vaxart(VXRT.US) Q1 2024 Earnings Conference

Futu News ·  May 14 06:15  · Conference Call

The following is a summary of the Vaxart, Inc. (VXRT) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Vaxart reported Q1 2024 revenue of $2.2 million, primarily from revenue recognized under BARDA contract and non-cash royalty revenue from Inavir sales in Japan.

  • The company ended the first quarter with cash, cash equivalents, and investments amounting to $36.7 million.

Business Progress:

  • Positive results from Phase 1 clinical trial evaluating Vaxart's oral pill bivalent norovirus vaccine candidate in lactating mothers.

  • Vaxart plans to discuss the progress of their norovirus program with the FDA in mid-2024.

  • Vaxart is preparing to initiate a Phase 2b trial for their COVID-19 vaccine candidate XBB as early as Q2 2024, pending additional funds and regulatory alignment.

  • The company is set to accelerate investment in their vaccine pipeline owing to promising preclinical data from their COVID-19 XBB construct.

  • A meeting with the FDA to review clinical findings and inform future regulatory pathway and clinical steps is planned for mid-2024.

  • Vaxart has enough vaccine material produced for the upcoming Phase 2b COVID study.

  • Vaxart considers their oral pill vaccine technology to be a potential tool against vaccine hesitancy.

  • The company continues promoting its vaccine benefits to the medical community.

More details: Vaxart IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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