The increase was primarily due to increases in costs related to the clinical trials of FLX475 and RPT193, as well as increases in stock-based compensation, personnel expenses, facilities costs and laboratory supplies spend. Research and development expenses for the nine months ended Septemwere $42.7 million, compared to $34.6 million for the same period in 2020. Net loss for the nine months ended Septemwas $51.3 million, compared to $40.2 million for the same period in 2020. The increase was primarily due to increases in stock-based compensation expense, insurance expense, personnel costs and facilities costs. General and administrative expenses for the third quarter of 2021 were $3.8 million, compared to $3.2 million for the same period of 2020. This increase was primarily due to increased clinical trial costs for FLX475 and RPT193 and increases in stock-based compensation, personnel costs and facilities costs.
Research and development expenses for the third quarter of 2021 were $15.7 million, compared to $12.9 million for the same period in 2020. Net loss for the third quarter of 2021 was $18.7 million, compared to $14.6 million for the third quarter of 2020. Our goal is to report data from ongoing cohorts in the Phase 1/2 trial for FLX475 at a medical meeting in 2022."įinancial Results for the Third Quarter Ended September 30, 2021 In addition, we have begun to focus development of FLX475 in key indications showing early promise, including EBV+ lymphoma, nasopharyngeal cancer and head and neck cancer. We are well positioned to advance RPT193 into Phase 2 clinical trials in atopic dermatitis and asthma in 2022. "In the third quarter, we presented additional incremental data for RPT193 at two separate dermatology meetings, allowing us to share our early positive data in atopic dermatitis with key members of the medical community. "This has been an important year for RAPT as we advance the development of RPT193 in atopic dermatitis and FLX475 in cancer," said Brian Wong, M.D., Ph.D., President and Chief Executive Officer of RAPT Therapeutics.
(Nasdaq: RAPT), a clinical-stage, immunology-based biopharmaceutical company focused on discovering, developing and commercializing oral small molecule therapies for patients with significant unmet needs in inflammatory diseases and oncology, today reported financial results for the third quarter and nine months ended September 30, 2021. RAPT Therapeutics Reports Third Quarter 2021 Financial Results
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