Context Therapeutics Reports Third Quarter 2023 Operating and Financial Results
PHILADELPHIA, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Context Therapeutics Inc. (“Context” or the “Company”) (Nasdaq: CNTX), a biopharmaceutical company advancing medicines for solid tumors, today announced its financial results for the third quarter ended September 30, 2023, and reported on recent and upcoming business highlights.
- Cash and cash equivalents of $21.7 million as of September 30, 2023
PHILADELPHIA, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Context Therapeutics Inc. (“Context” or the “Company”) (Nasdaq: CNTX), a biopharmaceutical company advancing medicines for solid tumors, today announced its financial results for the third quarter ended September 30, 2023, and reported on recent and upcoming business highlights. - Research and development (“R&D”) expenses were $4.5 million for the third quarter 2023, as compared to $2.1 million for the same period in 2022.
- General and administrative expenses were $1.7 million for the third quarter 2023, as compared to $2.0 million for the same period in 2022.
- Context reported a net loss of $5.9 million for the third quarter 2023, as compared to $3.9 million for the same period in 2022.