Sunesis Pharmaceuticals (SNSS) Posts Smaller-than-Expected Q2 Loss

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Sunesis Pharmaceuticals Reports Second Quarter 2017 Financial Results and Recent Highlights

July 27, 2017 7:01 AM EDT

SOUTH SAN FRANCISCO, Calif., July 27, 2017 (GLOBE NEWSWIRE) -- Sunesis Pharmaceuticals, Inc. (Nasdaq: SNSS) today reported financial results for the second quarter ended June 30, 2017. Loss from operations for the three months ended June 30, 2017 was $8.6 million. As of June 30, 2017, cash, cash equivalents and marketable securities totaled $22.7 million.

We have made tangible progress under our revised operating plan to focus primarily on our non-covalent BTK inhibitor, SNS-062.  With the first patient being dosed, the recent initiation of our Phase 1b/2 study in patients with relapsed chronic lymphocytic leukemia (CLL) and other B-cell... More