Cash ManagementThe company has extended its cash runway to the start of 2027, based on expected cost savings from the corporate restructuring.
Clinical Trial ProgressThe company is slated to present updated interim data from the Phase 2b trial (HBV003) of VTP-300 in chronic hepatitis B, which could further solidify VTP-300’s position as a potential key component of a functional cure for CHB.
Financial PerformanceRevenue was $15.0M, which was the company’s share of royalties as a result of prior commercial sales of Vaxzevria by AstraZeneca, beating our projection of zero revenue.