Nkarta, Inc. ( (NKTX) ) has released its Q1 earnings. Here is a breakdown of the information Nkarta, Inc. presented to its investors.
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Nkarta, Inc. is a clinical-stage biotechnology company focused on developing engineered natural killer (NK) cell therapies for autoimmune diseases, utilizing its proprietary cell engineering technologies to create off-the-shelf treatments.
In its first quarter 2025 financial report, Nkarta highlighted its strategic advancements and financial health, including the expansion of its Ntrust-1 trial to include primary membranous nephropathy and the modification of its lymphodepletion regimen. The company also reported a cash balance of $351.9 million, expected to fund operations into 2029.
Key financial metrics from the report include a net loss of $32.0 million for the quarter, with research and development expenses at $24.2 million and general administrative expenses at $12.4 million. The company has also undergone a restructuring plan, reducing its workforce by 34% to extend its cash runway and prioritize clinical execution.
Nkarta’s clinical trials, Ntrust-1 and Ntrust-2, are progressing with anticipated preliminary data expected in the second half of 2025. The trials aim to assess the safety and efficacy of NKX019 in treating various autoimmune diseases, with a focus on achieving long-term remissions.
Looking forward, Nkarta remains optimistic about its clinical development milestones and financial stability, with plans to continue advancing its NK cell therapies and maintaining its operational funding through 2029.