Pipeline Advancements
Arcturus Therapeutics is progressing with its mRNA therapeutics pipeline, including ARCT-032 for cystic fibrosis and ARCT-810 for OTC deficiency, with ongoing Phase 2 studies showing no safety or tolerability issues.
Strategic Focus and Financial Stability
The company has strategically decided to focus resources on mRNA therapeutics, extending its cash runway until the first quarter of 2028 despite a challenging market environment.
EU Approval of KOSTAIVE Vaccine
Arcturus received EU approval for its self-amplifying mRNA COVID-19 vaccine, KOSTAIVE, and an initial milestone payment from CSL.
FDA Fast Track Designation
The company received FDA Fast Track designation for ARCT-2304, its sa-mRNA vaccine candidate for Pandemic Influenza A (H5N1).
Reduction in Operating Expenses
Research and development expenses decreased by $18.7 million year-over-year, and general and administrative expenses decreased by $3.6 million year-over-year.