Oncternal Therapeutics(ONCT)

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Oncternal Therapeutics(ONCT) - 2021 Q2 - Quarterly Report
2021-08-05 21:02
Financial Performance - Oncternal Therapeutics reported a net loss of $13.6 million for the six months ended June 30, 2021, with an accumulated deficit of $96.4 million[100]. - As of June 30, 2021, Oncternal had cash and cash equivalents of $103.7 million, which is expected to fund operations for at least the next twelve months[104]. - Net cash used in operating activities for the six months ended June 30, 2021, was $13.6 million, resulting from a net loss of $13.6 million[127]. - Grant revenue for the three months ended June 30, 2021, was $0.9 million, an increase of $0.3 million from $0.6 million in 2020, primarily due to higher research and development subaward costs[115]. - Total operating expenses for the three months ended June 30, 2021, were $8.6 million, an increase of $2.4 million from $6.2 million in 2020[114]. - Research and development expenses for the six months ended June 30, 2021, were $9.1 million, an increase of $2.6 million from $6.5 million in 2020, driven by a $1.6 million increase in direct product candidate costs[121]. - General and administrative expenses for the six months ended June 30, 2021, were $6.2 million, an increase of $1.2 million from $5.0 million in 2020, primarily due to higher personnel and professional costs[124]. Funding and Capital Requirements - The company has raised approximately $125.0 million from common stock issuance and $49.0 million from convertible preferred stock issuance as of June 30, 2021[99]. - The company anticipates needing substantial additional funding to support ongoing operations and business strategy[102]. - The company anticipates needing to raise substantial additional capital in the future to fund ongoing operations and development activities[111]. - Future capital requirements will depend on various factors, including the costs and timing of clinical trials and regulatory reviews[130]. - There is no assurance that the company will be able to obtain financing on acceptable terms, which could impact product development and commercialization efforts[131]. - The company may face dilution of stockholder ownership if additional capital is raised through debt or equity securities[131]. Clinical Development and Trials - Cirmtuzumab is being evaluated in a Phase 1/2 clinical trial in combination with ibrutinib for the treatment of B-cell lymphoid malignancies, with a target enrollment of at least 20 patients for the MCL cohort[96][97]. - The FDA has granted orphan drug designations for cirmtuzumab for MCL and CLL, and for TK216 for Ewing sarcoma[95]. - Cirmtuzumab's Phase 1/2 trial results were presented at the American Society of Clinical Oncology 2021 Annual Meeting, indicating encouraging interim results[96]. - The ongoing COVID-19 pandemic has impacted clinical trial timelines, with delays expected for the ROR1 CAR-T therapy's first-in-human dosing to the first half of 2022[105]. - Direct expenses for cirmtuzumab increased by $0.3 million for the six months ended June 30, 2021, primarily due to increased clinical trial costs[122]. Accounting and Financial Reporting - The company considers its critical accounting policies related to research and development expenses and revenue recognition, with no material changes during the six months ended June 30, 2021[136]. - The financial statements are prepared in accordance with generally accepted accounting principles, requiring estimates and judgments that affect reported amounts[134]. - Actual results may differ from estimates based on various assumptions or conditions[135]. - The company has not engaged in any off-balance sheet arrangements during the periods presented[137]. Regulatory and Compliance - As of June 30, 2021, the company was unable to estimate the timing or likelihood of achieving specified development, regulatory, and commercial milestones related to its license agreements[132]. - The company has payment obligations under license agreements that are contingent upon future events, including royalty payments for product sales developed under those agreements[132]. - The company enters into contracts with clinical trial sites and supply manufacturers, which generally allow for termination after a notice period[133]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[139].
Oncternal Therapeutics(ONCT) - 2021 Q1 - Earnings Call Transcript
2021-05-07 02:16
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Richard Vincent - Chief Financial Officer Jim Breitmeyer - President & Chief Executive Officer Edwina Baskin-Bey - Acting Chief Medical Officer Conference Call Participants Carl Byrnes - Northland Capital Markets Robert Burns - H.C. Wainwright Kumar Raja - Brookline Capital Market Operator Good day ladies and gentlemen and welcome to Oncternal's Therapeutics Inc. First Quarter 2021 Financi ...
Oncternal Therapeutics(ONCT) - 2021 Q1 - Quarterly Report
2021-05-06 21:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-50549 Oncternal Therapeutics, Inc. (Exact name of registrant as specified in its charter) Delaware 62-1715807 (State or other jurisdiction of incorporation or organization) ...
Oncternal Therapeutics (ONCT) Investor Presentation - Slideshow
2021-03-14 13:46
ONCT Corporate Presentation March 2021 > ONCTERNAL > therapeutics™ TARGETING CANCER New Science. New Cancer Therapies. New Hope. Company Overview – March 2021 FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements (including within the meaning of §21E of the U.S. Securities Exchange Act of 1934, as amended, and § 27A of the U.S. Securities Act of 1933, as amended). Forward looking statements, which generally include statements regarding goals, plans, intentions and expectations, ar ...
Oncternal Therapeutics(ONCT) - 2020 Q4 - Earnings Call Transcript
2021-03-12 02:40
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) Q4 2020 Earnings Conference Call March 11, 2021 5:00 PM ET Company Participants Richard Vincent - Chief Financial Officer Jim Breitmeyer - President & Chief Executive Officer Edwina Baskin-Bey - Acting Chief Medical Officer Conference Call Participants Carl Byrnes - Northland Securities Operator Greetings, and welcome to Oncternal's Therapeutics Incorporated Fourth Quarter 2020 Financial Results Call. [Operator Instructions] As a reminder this conference is being r ...
Oncternal Therapeutics(ONCT) - 2020 Q4 - Annual Report
2021-03-11 22:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-50549 Oncternal Therapeutics, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organization) Delaware 62-1715807 (IRS Emp ...
Oncternal Therapeutics(ONCT) - 2020 Q2 - Earnings Call Transcript
2020-08-08 13:34
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) Q2 2020 Earnings Conference Call August 6, 2020 5:00 PM ET Company Participants Richard Vincent – Chief Financial Officer Jim Breitmeyer – President & Chief Executive Officer Frank Hsu – Chief Medical Officer Conference Call Participants Robert Burns – H.C. Wainwright Operator Greetings, and welcome to Oncternal's Q2 Financial Results Call. [Operator Instructions] Please note that this conference call is being recorded. I will now turn the conference over to our ho ...
Oncternal Therapeutics (ONCT) Investor Presentation - Slideshow
2020-05-11 10:51
ONCT Corporate Presentation May 7, 2020 O O ONCTERNAL O therapeutics™ TARGETING CANCER New Science. New Cancer Therapies. New Hope. Company Overview – May 7, 2020 FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements (including within the meaning of §21E of the U.S. Securities Exchange Act of 1934, as amended, and § 27A of the U.S. Securities Act of 1933, as amended). Forward looking statements, which generally include statements regarding goals, plans, intentions and expectations ...
Oncternal Therapeutics(ONCT) - 2020 Q1 - Earnings Call Transcript
2020-05-10 02:09
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET Company Participants | --- | |---------------------------------------------------------------| | | | Richard Vincent - CFO Jim Breitmeyer - President and CEO | | Frank Hsu - Chief Medical Officer | | Conference Call Participants | | | | Hartaj Singh - Oppenheimer Carl Byrnes - Northland Securities | | Robert Burns - H.C. Wainwright | Operator Greetings, and welcome to the Oncternal Therapeutics Incorporated Fi ...
Oncternal Therapeutics(ONCT) - 2019 Q4 - Earnings Call Transcript
2020-03-17 00:06
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) Q4 2019 Results Conference Call March 16, 2020 4:30 PM ET Company Participants | --- | |------------------------------------------------------------| | | | Richard Vincent - CFO | | Dr. Jim Breitmeyer - President and CEO | | Dr. Frank Hsu - Chief Medical Officer | | Conference Call Participants | | Hartaj Singh - Oppenheimer | | Matt Kaplan - Ladenburg Carl Byrnes - Northland Securities | Operator Greetings, ladies and gentlemen, and welcome to the Oncternal Therap ...