The following is a summary of the Daré Bioscience, Inc. (DARE) Q1 2024 Earnings Call Transcript:
Financial Performance:
Dare reported Q1 2024 general and administrative expenses of approximately $2.7 million.
R&D expenses were approximately $3.3 million—a 34% decrease compared to Q1 2023.
The Company's loss for the quarter was approximately $6.8 million.
Dare ended the quarter with $3.6 million in cash and equivalents.
Dare secured a non-dilutive strategic royalty financing of $22 million and received total grant funding of approximately $1.8 million.
Business Progress:
Dare's product, XACIATO, is now available via prescription nationwide for treating bacterial vaginosis.
The Company is preparing for Phase 3 clinical trials of Sildenafil Cream 3.6% and Ovaprene.
They completed an end-of-Phase 2 meeting with the FDA regarding Sildenafil Cream.
Technological proof-of-concept for DARE-LARC1, Dare's pre-clinical candidate, was announced.
The company continues collaborations with major corporations including Organon for XACIATO and Bayer for Ovaprene.
Dare is planning to initiate a Sildenafil Phase 3 trial in early 2024, hopeful of it being the first Phase 3 study for female sexual arousal disorder.
The company is also progressing with DARE-LARC, a technology similar to 'Nexplanon', and is developing therapies for menopausal vasomotor symptoms and sexual pain.
Dare aims to position women's health at the forefront of innovation.
More details: Dare Bioscience 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.