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CAMP4 Reports First Quarter 2025 Financial Results and Corporate Highlights
Globenewswire· 2025-05-13 20:05
Core Viewpoint - CAMP4 Therapeutics Corporation reported strong execution in Q1 2025, advancing its clinical studies and achieving significant milestones in its therapeutic pipeline [2][4]. Corporate Highlights - The Phase 1 clinical trial of CMP-CPS-001 for Urea Cycle Disorders (UCDs) is ongoing, with dosing completed in multiple ascending dose (MAD) cohort 3; safety, pharmacokinetic, and pharmacodynamic data are expected in Q4 2025 [4][5]. - A Clinical Trial Application (CTA) was successfully submitted in Europe for a Phase 1b clinical trial targeting female OTC heterozygotes [4][5]. - The company nominated CMP-SYNGAP-01 as a development candidate for SYNGAP1-related disorders, with GLP toxicology studies expected to begin in 2025 [4][6]. - CAMP4 will present at the American Society of Cell and Gene Therapy (ASGCT), showcasing data on increased SYNGAP1 protein levels from CMP-SYNGAP-01 and interim safety results from the Phase 1 study of CMP-CPS-001 [4][5]. Financial Results - As of March 31, 2025, cash, cash equivalents, and marketable securities totaled $49.3 million, down from $64.0 million as of December 31, 2024 [7]. - Research and development expenses for Q1 2025 were $10.1 million, an increase from $9.7 million in Q1 2024, primarily due to higher clinical and preclinical study costs [7]. - General and administrative expenses rose to $3.8 million in Q1 2025 from $3.1 million in Q1 2024, attributed to increased personnel-related and overhead expenses [8]. - The net loss for Q1 2025 was $12.4 million, slightly improved from a net loss of $12.5 million in Q1 2024 [8][14].
CAMP4 Reports Full Year 2024 Financial Results and Provides Corporate Update
Globenewswire· 2025-03-27 20:05
Core Insights - CAMP4 Therapeutics is advancing its clinical programs, particularly focusing on CMP-CPS-001 for Urea Cycle Disorders (UCDs) and has initiated a Phase 1b trial for female OTC heterozygotes, addressing an underserved patient population [2][3][11] - The company has nominated CMP-SYNGAP-01 as a development candidate for SYNGAP1-related disorders, with promising preclinical data supporting its potential [2][11] - Financial results for the year ended December 31, 2024, show a net loss of $51.8 million, with cash and cash equivalents of approximately $64.0 million, sufficient to fund operations into Q2 2026 [6][7][8] Clinical Development - The Phase 1 clinical trial of CMP-CPS-001 in UCDs is ongoing, with dosing completed in two of four multiple ascending dose cohorts, and safety data expected in Q4 2025 [1][4] - The planned expansion into a Phase 1b clinical trial in female OTC heterozygotes is anticipated to begin in Q2 2025, with a Clinical Trial Application (CTA) to be submitted in Europe [2][11] - Recent studies indicate that female carriers of OTC deficiency may experience significant health risks, prompting a shift from passive observation to proactive treatment [3][11] Financial Performance - Research and development expenses for 2024 were $38.8 million, a decrease from $40.6 million in 2023, primarily due to reduced clinical and preclinical costs [6] - General and administrative expenses increased to $14.9 million in 2024 from $11.6 million in 2023, attributed to higher personnel-related costs [7] - The company reported a net loss of $51.8 million for 2024, compared to a loss of $49.3 million in 2023, with a net loss per share of $11.04 [7][15] Cash Position - As of December 31, 2024, CAMP4 had cash and cash equivalents of approximately $64.0 million, which is expected to support its planned activities into Q2 2026 [8][15] - The company’s total assets increased to $78.3 million in 2024 from $54.9 million in 2023, while total liabilities decreased slightly [15] Strategic Initiatives - CAMP4 is focusing on expanding its strategic partnerships to enhance the value of its RAP Platform, which targets regulatory RNAs to amplify gene expression [11] - The company has initiated a discovery program for GBA1-related Parkinson's Disease, with ongoing preclinical studies to identify a development candidate [11]
CAMP4 Appoints Multiple Industry Veterans to its Board of Directors
Globenewswire· 2025-03-18 12:00
Core Insights - CAMP4 Therapeutics Corporation has appointed Doug E. Williams, Ph.D., and Murray Stewart, DM FRCP, to its Board of Directors to enhance its strategic guidance in drug development efforts [1][2] - The company focuses on developing regRNA-targeting antisense oligonucleotide (ASO) therapies aimed at upregulating gene expression to restore healthy protein levels [1][4] Company Overview - CAMP4 is a clinical-stage biotechnology company developing disease-modifying treatments for a range of genetic diseases where increasing healthy protein levels may provide therapeutic benefits [4] - The proprietary RAP Platform™ allows for targeted gene upregulation by mapping regRNAs, which are crucial in controlling gene expression [4] Leadership Expertise - Dr. Doug E. Williams has over 30 years in the biopharma industry and has contributed to the development of transformative drugs such as LEUKINE, ENBREL, and SPINRAZA [2][3] - Dr. Murray Stewart has extensive clinical development experience, having served as Chief Medical Officer at Rhythm Pharmaceuticals and held leadership roles at GlaxoSmithKline [3] Strategic Focus - The company aims to advance its lead clinical program for urea cycle disorders and preclinical program for SYNGAP1-related disorders while developing additional RNA-targeting medicines [2] - The focus is on addressing diseases where modest increases in protein levels can significantly impact patient lives [2]