The following is a summary of the Kura Oncology, Inc. (KURA) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Kura Oncology's research and development expenses for Q1 2024 were reported as $36.3 million, a noticeable increase from Q1 2023's $25.2 million, primarily due to rising clinical trial costs related to ziftomenib and KO-2806 programs.

• General and Administrative expenses also increased significantly, being at $18.2 million for Q1 2024, compared to $11.4 million for Q1 2023.

• Net loss reported for Q1 2024 was $49.5 million compared to a net loss of $34.1 million for the same quarter of the previous year.

• The company reported cash, cash equivalents, and short-term investments of $527 million as of March 31, 2024, up from $424 million on December 31, 2023.

Business Progress:

• Kura Oncology reported considerable progress with their drug Zifto which has been noted for its manageable safety and strong initial evidence of clinical activity.

• The company plans to complete enrollment for two key clinical trials and expects to file an investigational new drug application for ziftomenib in the second half of 2024.

• They are also looking into potential treatments for multiple types of solid tumours focusing on the impact of epigenetic regulation of oncogenes. Meanwhile, they continue to monitor patients in post-transplant maintenance in both monotherapy and combination settings, and are planning a dedicated post-transplant maintenance study.

More details: Kura Oncology IR

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