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2023-03-30_GT_Biopharma_Reports_Fourth_Quarter_and_Full_Year__270.pdf
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GT Biopharma reported its Q4 and full-year 2022 financial results, with a proforma cash position of approximately $23.0 million, including $16.5 million in cash as of December 31, 2022, and $6.5 million from a registered direct offering. The company expects this to fund operations into Q2 2024, sufficient to achieve IND clearance for GTB-3650 and GTB-5550 and initiate clinical trials for GTB-3650. GT Biopharma is developing innovative therapeutics based on its proprietary TriKE platform, with a focus on immuno-oncology. The company reduced expenses, with R&D expenses decreasing to $2.8 million in Q4 2022 and G&A expenses decreasing to $2.9 million. Net loss for Q4 2022 was $5.6 million, and $20.9 million for the full year.

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GT Biopharma reported its Q4 and full-year 2022 financial results, with a proforma cash position of approximately $23.0 million, including $16.5 million in...

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