Bicycle Therapeutics plc (BCYC) Misses Q2 EPS by 6c

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Bicycle Therapeutics Reports Second Quarter 2022 Financial Results and Provides Corporate Update

August 4, 2022 6:59 AM EDT

- Continued clinical progress across pipeline, including dosing of the first patient in expansion cohorts of Phase I/II study of BT5528

- Expansion of Genentech exclusive strategic collaboration, triggering a $10 million payment to Bicycle in Q3

- Cash and cash equivalents of $372.8 million as of June 30, 2022, excludes $9.8 million UK R&D tax credit received in July and Genentech payment; expected financial runway into 2025

CAMBRIDGE, England & BOSTON--(BUSINESS WIRE)-- Bicycle Therapeutics plc (NASDAQ: BCYC), a biotechnology company pioneering a new and... More