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Infinity Pharmaceuticals provides business update

Jan. 07, 2019 7:52 AM ETInfinity Pharmaceuticals, Inc. (INFIQ) StockBy: Clark Schultz, SA News Editor
  • Infinity Pharmaecuticals (NASDAQ:INFI) provides a business update ahead of a presentation at the JPMorgan healthcare conference.
  • The company says it anticipates moving into earlier lines of therapy, new indications and novel, potentially transformative immuno-oncology combinations to execute on our strategy to expand the depth and breadth of the development of IPI-549.
  • "Importantly, we have a cash runway into the second half of 2020, which enables us to advance IPI-549 development in several innovative studies in 2019. We also have the support of tremendous collaborators BMS and Arcus for two of these potentially transformative studies," says CEO Adelene Perkins
  • Infinity also plans to advance novel triple combination therapies with Arcus, initially evaluating IPI-549 in combination with AB928, Arcus's dual adenosine receptor antagonist, and chemotherapy in patients with previously treated, advanced triple negative breast cancer.
  • Infinity sets guidance for 2019 for a net loss $30M to $40M and year-end cash $20M to $30M. A cash runway is anticiapted into the second half of 2020.
  • Source: Press Release
  • #JPM19

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