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Dosing of the first patient in cohort two (high dose) scheduled for the third quarter of 2024
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Safety and efficacy data from cohort two (n=3) and an update on safety and efficacy data from cohort one (n=2)
expected in the first half of 2025 |
Second Quarter 2024 Financial Highlights
Research and Development Expenses: Research and development expenses were $15.1 million for the three months ended June 30, 2024, compared to
$19.8 million for the three months ending June 30, 2023. The $4.7 million decrease was primarily due to a milestone fee payable to Abeona Therapeutics Inc. during the three months ended June 30, 2023, following the dosing of the
first patient in the REVEAL Phase 1/2 adolescent and adult trial.
General and Administrative Expenses: General and administrative expenses
were $7.3 million for the three months ended June 30, 2024, compared to $6.0 million for the three months ended June 30, 2023. The increase of $1.3 million was primarily due to $0.9 million of higher stock-based
compensation expenses and $0.4 million of higher consulting, professional fees and other expenses.
Net loss: Net loss for the
three months ended June 30, 2024, was $20.9 million, or $0.09 per share, compared to a net loss of $24.6 million, or $0.38 per share, for the three months ended June 30, 2023.
Cash and cash equivalents: As of June 30, 2024, Taysha had $172.7 million in cash and cash equivalents. Taysha expects that its current
cash resources will support planned operating expenses and capital requirements into the fourth quarter of 2026.
Conference Call and Webcast
Information
Taysha management will hold a conference call and webcast today at 8:30 a.m. ET to review its financial and operating results and
provide a corporate update. The dial-in number for the conference call is 877-407-0792 (U.S./Canada) or 201-689-8263 (international). The conference ID for all callers is 13747741. The live webcast and replay may be accessed by visiting Tayshas website.
About TSHA-102
TSHA-102 is a self-complementary intrathecally delivered AAV9 investigational gene transfer therapy in clinical evaluation for Rett syndrome. Designed as a one-time treatment,
TSHA-102 aims to address the genetic root cause of the disease by delivering a functional form of MECP2 to cells in the CNS. TSHA-102 utilizes a novel
miRNA-Responsive Auto-Regulatory Element (miRARE) technology designed to mediate levels of MECP2 in the CNS on a cell-by-cell basis without risk of
overexpression. TSHA-102 has received Regenerative Medicine Advanced Therapy, Fast Track and Orphan Drug and Rare Pediatric Disease designations from the FDA, Orphan Drug designation from the European
Commission and Innovative Licensing and Access Pathway designation from the Medicines and Healthcare products Regulatory Agency.
About Rett Syndrome
Rett syndrome is a rare neurodevelopmental disorder caused by mutations in the X-linked MECP2 gene
encoding methyl CpG-binding protein 2 (MeCP2), which is essential for regulating neuronal and synaptic function in the brain. The disorder is characterized by loss of communication and hand function, slowing