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Tyra Biosciences reports Q2 EPS (47c), consensus (51c)

As of June 30, Tyra had cash, cash equivalents, and marketable securities of $296.3M. Tyra’s current cash, cash equivalents and marketable securities are expected to allow Tyra to execute on its plans through at least 2027. “We see significant opportunity to transform the treatment of bladder cancer and skeletal dysplasia by precisely targeting FGFR3. With BEACH301 open for enrollment and SURF302 advancing in intermediate-risk non-muscle invasive bladder cancer, we’re building a franchise with dabogratinib around the power of FGFR3 selectivity and sensitivity,” said Todd Harris, CEO. “Backed by a strong balance sheet, we’re well positioned to deliver meaningful Phase 2 readouts in SURF302 and BEACH301.”

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