Mineralys Therapeutics (MLYS) reported a Q2 GAAP loss late Tuesday of $0.66 per diluted share, narrowing from a loss of $0.83 a year earlier.
Analysts polled by FactSet expected a loss of $0.74.
As of June 30, the company had cash, cash equivalents and investments of $324.9 million.
The company said its cash reserves can fund clinical trials, regulatory activities and corporate operations into 2027.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.