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Wednesday, October 30, 2024

Larimar Q3 results, update

 

  • Nomlabofusp program update expected mid-December to include available safety, pharmacokinetic (PK) and frataxin data, as well as available clinical outcomes observations from patients with Friedreich’s ataxia (FA) receiving 25 mg of nomlabofusp daily for 30-180 days in ongoing open label extension (OLE) study
  • Initiation of PK run-in study in adolescents on track by year-end 2024
  • Initiation of global confirmatory/registration study planned mid-2025
  • Biologics License Application (BLA) submission for nomlabofusp targeted for 2H 2025 to support potential accelerated approval
  • Strong balance sheet of $203.7 million cash, cash equivalents and marketable securities as of September 30, 2024, with projected cash runway into 2026

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