Odonate Therapeutics Announces Financial Results for the Three and Nine Months Ended September 30, 2021

On November 10, 2021 Odonate Therapeutics, Inc. (NASDAQ: ODT) reported financial results for the three and nine months ended September 30, 2021 (Press release, Odonate Therapeutics, NOV 10, 2021, View Source [SID1234595282]).

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As of September 30, 2021, Odonate had $95.0 million in cash compared to $157.3 million as of December 31, 2020. Odonate’s cash used in operating activities for the three and nine months ended September 30, 2021 was $15.1 million and $63.0 million, respectively.

Odonate’s net loss for the three and nine months ended September 30, 2021 was $14.0 million and $69.8 million, or $0.37 and $1.85 per share, respectively, compared to $30.5 million and $94.1 million, or $0.93 and $3.00 per share, respectively, for the same periods in 2020.