Fulcrum Therapeutics Reports Second Quarter 2019 Financial Results and Recent Business Highlights

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Fulcrum Therapeutics Inc. (FULC) Misses Q2 EPS by 611c

August 26, 2019 7:13 AM EDT

Fulcrum Therapeutics Inc. (NASDAQ: FULC) reported Q2 EPS of ($9.21), $6.11 worse than the analyst estimate of ($3.10).

Second Quarter 2019 and Recent Business Highlights

In August 2019, Fulcrum announced that it initiated ReDUX4, its Phase 2b clinical trial evaluating losmapimod for the treatment of FSHD.In August 2019, Fulcrum announced that it initiated a Phase 2 open label clinical trial evaluating losmapimod for the treatment of FSHD.In July 2019, Fulcrum completed its initial public offering of common stock, raising $72.0 million in gross proceeds.

Second Quarter 2019 Financial Results

Cash Position: As of June 30, 2019, cash and... More