Chimerix, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
March 02, 2023 at 07:00 am EST
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Chimerix, Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 0.814 million compared to USD 0.046 million a year ago. Net loss was USD 20.96 million compared to USD 39.5 million a year ago.
Basic loss per share from continuing operations was USD 0.24 compared to USD 0.45 a year ago. Diluted loss per share from continuing operations was USD 0.24 compared to USD 0.45 a year ago.
Chimerix, Inc. is a biotechnology company. The Company is focused on developing medicines that address unmet medical needs. The Company's product Imipridones is a cancer therapy that provides ONC201, which is in clinical-stage development for H3 K27M-mutant glioma as its lead indication. In addition, imipridone ONC206 is in dose-escalating clinical trials. Imipridones target specific G protein-coupled receptors (GPCRs) and mitochondrial caseinolytic protease P (ClpP), resulting in cancer cell death. The Company's product Imipridone chemical scaffold provides an opportunity to target GPCRs and ClpP with differential specificity and function. Its ONC212 is an imipridone, an investigational agonist of the orphan GPCR tumor suppressor GPR132, as well as ClpP. Its CMX521 is a nucleoside analog antiviral drug candidate for the treatment of SARS-CoV-2. The Chimerix Chemical Library contains over 10,000 heterocyclic ring systems and nucleosides, also includes approximately 3,500 nucleosides.
CHIMERIX, INC. 
