Cyclacel Pharma (CYCC) Misses Q4 EPS by 83c

Cyclacel Pharma (NASDAQ: CYCC) reported Q4 EPS of ($1.34), $0.83 worse than the analyst estimate of ($0.51).

“During 2020 we have reported on fadraciclib’s oral bioavailability and evidence of durable anticancer activity,” said Spiro Rombotis, President and Chief Executive Officer. “Independent evidence supporting the rationale for dual inhibition of CDK2 and CDK9 cancer pathways, the targets of fadraciclib, were published in peer-reviewed communications. Meanwhile our team, led by Dr. Mark Kirschbaum, our newly appointed CMO, has prepared a streamlined clinical development strategy to evaluate oral fadraciclib in multi-cohort, Phase 1b/2, registration-directed, studies for both solid and liquid cancers. A similar trial design will be applied to the development of CYC140, our selective PLK1 inhibitor, supported by extensive preclinical data demonstrating CYC140’s antimitotic mechanism and broad therapeutic potential in both solid and liquid cancers. We look forward to providing further details of our clinical development plans and our progress with fadraciclib and CYC140 to drive shareholder value.”

For earnings history and earnings-related data on Cyclacel Pharma (CYCC) click here.

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