Cost ManagementR&D and SG&A expenses were below consensus estimates, indicating effective cost management.
Financial StabilityCaribou ended 3Q24 with $281.0M in cash, cash equivalents, and marketable securities, which is slated to provide a runway into 2H26.
Research And DevelopmentThe initiation of the Phase 1 GALLOP trial for CB-010 by end-2024 is seen as a potential driver of future upside to forecasts.