KalVista Pharmaceuticals Reports First Fiscal Quarter Results and Provides Operational Update
(NASDAQ: KALV), a clinical stage pharmaceutical company focused on the discovery, development, and commercialization of oral, small molecule protease inhibitors, today provided an operational update and released financial results for the first fiscal quarter ended July 31, 2023.
- (NASDAQ: KALV), a clinical stage pharmaceutical company focused on the discovery, development, and commercialization of oral, small molecule protease inhibitors, today provided an operational update and released financial results for the first fiscal quarter ended July 31, 2023.
- First Fiscal Quarter Financial Results:
Revenue: No revenue was recognized for the three months ended July 31, 2023 or July 31, 2022. - The increase in R&D expenses during the quarter primarily reflects the ongoing Phase 3 KONFIDENT trial for sebetralstat and increased personnel costs.
- The decrease in the net cash and marketable securities position was due to cash consumption from operating expenses.