Business
LENZ Therapeutics Reports Second Quarter 2024 Financial Results
Submitted New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for LNZ100 for the treatment of presbyopia Announced positive topline and
About this update from Lenz Therapeutics, Inc.
[{"type":"text","content":"Submitted New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for LNZ100 for the treatment of presbyopia Announced positive topline and capstone data from the Phase 3 CLARITY study Strengthened financial position with $30 million private placement from Ridgeback Capital in July 2024 Pro forma cash, cash equivalents and marketable securities, inclusive of the private placement, were $226.2 million as of June 30, 2024; cash runway anticipated to extend to post-launch positive operating cash flow Company to host a conference call today at 4:30 p.m. ET SAN DIEGO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- LENZ Therapeutics, Inc. (Nasdaq: LENZ or “LENZ” or the “Company”), a late clinical-stage biopharmaceutical company focused on developing the first and only aceclidine-based eye drop to improve near vision in people with presbyopia, today reported financial results and operational highlights for the second quarter ended June 30, 2024 and recent period. “The first half of 2024 and recent period has been transformational for LENZ, underscored by continued execution across the organization,” said Eef Schimmelpennink, President and Chief Executive Officer of LENZ Therapeutics. “We were excited to have presented our topline and capstone Phase 3 CLARITY data, which we believe demonstrated an unprecedented clinical benefit for the treatment of presbyopia. In addition, we further strengthened our balance sheet through the $30 million investment from Ridgeback Capital, and rapidly followed that with the timely submission of our NDA for LNZ100. With these important advancements and achievements, we believe we are well-positioned to deliver a once-daily, safe and rapid acting treatment to the 128 million individuals living with presbyopia in the United States.” Second Quarter 2024 and Recent Highlights Submitted New Drug Application (NDA) to U.S. Food and Drug Administration (FDA) for LNZ100 as a treatment for presbyopia. In August 2024, LENZ submitted its NDA for the treatment of presbyopia to U.S. Food and Drug Administration (FDA), supported by the positive data results from the pivotal Phase 3 CLARITY study. Announced positive topline data from the Phase 3 CLARITY study: In April 2024, LENZ reported positive topline data from its Phase 3 CLARITY study for the treatment of presbyopia. LNZ100 achieved all primary and secondary n...