The following is a summary of the Nanobiotix S.A. (NBTX) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Nanobiotix entered into a $2.5 billion license agreement with Johnson Pharmaceutical in 2023 to increase the potential of MBTXR3.

• The company amassed $140 million in funding through deal-related payments and equity.

• By the end of 2023, Nanobiotix had $75.3 million in cash and cash equivalents, which is an increase from €41.4 million in the previous year.

• The company's cash runway extends to Q3 2025, and its financial strategy is based on the premise that derisking or validating events will trigger future milestone-based payments.

Business Progress:

• Positive data has been reported from two key programs, including a Phase 1 head and neck cancer trial (Study 102) and a Phase 1b trial for pancreatic cancer.

• Nanobiotix has partnered with Janssen for the global development and commercialization of NBTXR3, mainly for head and neck and lung cancer treatment.

• Multiple clinical readouts are expected in 2024, including data from Study 1100 and new data from the partnership with MD Anderson.

• NBTXR3's development is being expedited to reach the market.

• Other collaborative projects, such as with MD Anderson, seek to identify clinical efficacy signals that could guide future development.

• Early-stage developments in Nanoprimer and Nanoelectricity platforms suggest more updates to come by the end of the year.

More details: Nanobiotix IR

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