NASDAQ$PMVP
Pmv Pharmaceuticals Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
PMV Pharmaceuticals reported financial results for the second quarter ended June 30, 2023, and provided a corporate update.
PMV Pharmaceuticals reported its Q2 2023 financial results, highlighting continued progress in the PYNNACLE study of PC14586 and a successful End-of-Phase 1 FDA meeting. The company ended the quarter with $218.8 million in cash, cash equivalents, and marketable securities.
- Continued progress in ongoing Phase 1/2 PYNNACLE study of PC14586.
- Concluded successful End-of-Phase 1 FDA meeting with alignment on recommended Phase 2 dose.
- Ongoing enrollment in combination arm of PYNNACLE study with PC14586 and KEYTRUDA® (pembrolizumab).
- Appointed Dr. Masha Poyurovsky as Vice President of Biology.
Headline financials
Revenue & EPS history
PMV Pharma · Revenue · Quarterly
$0
Forward guidance
The company anticipates initiating the single arm, Phase 2 portion of the PYNNACLE study in early 2024 and sharing updated Phase 1 data in the second half of the year.
Tailwinds
- Alignment with the FDA was obtained on the recommended Phase 2 dose.
- Key elements of the Phase 2 registrational portion of the PYNNACLE trial were aligned.
- Plans to initiate the single arm, Phase 2 portion of the PYNNACLE study in early 2024.
- Ongoing enrollment in the combination arm of PYNNACLE evaluating PC14586 with KEYTRUDA.
- Company will share updated Phase 1 data in the second half of the year.
Headwinds
- Success of clinical trials are subject to risks and uncertainties.
- Ability to execute on its strategy and operate as an early clinical stage company is uncertain.
- Clinical trials of PC14586 or any future clinical trials of other product candidates may differ from preclinical, preliminary or expected results.
- Company's ability to fund operations is uncertain.
- The impact that the current COVID-19 pandemic will have on the Company’s clinical trials, supply chain, and operations is uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+2.7%
Avg return
Earnings day
+3.4%
Avg return
5 days after
-1.3%
Avg return
30 days after
67%
14 / 21 earnings
Positive
+29.5%
Q2 2023
Best reaction
-18.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +2.0% | +8.0% | -10.7% | |
| Q3 2025 | +8.5% | +6.8% | -7.5% | |
| Q2 2025 | -4.1% | -6.6% | -3.9% | |
| Q1 2025 | +4.2% | +7.5% | +28.9% | |
| Q4 2024 | -3.6% | -10.2% | -27.0% | |
| Q3 2024 | +4.8% | +0.6% | -4.2% | |
| Q1 2024 | -5.6% | -0.9% | -23.1% | |
| Q4 2023 | +3.9% | +3.9% | -6.1% | |
| Q3 2023 | +7.5% | +19.9% | +24.2% | |
| Q2 2023 | +29.5% | +20.0% | -10.8% | |
| Q1 2023 | +11.9% | +14.7% | +8.5% | |
| Q4 2022 | -18.1% | -19.6% | -33.8% | |
| Q3 2022 | -3.7% | +11.2% | -2.6% | |
| Q2 2022 | +0.4% | -1.3% | -17.6% | |
| Q1 2022 | +2.2% | +9.0% | -13.7% | |
| Q4 2021 | +10.3% | +1.3% | +31.4% | |
| Q3 2021 | +0.4% | +2.4% | -1.6% | |
| Q2 2021 | -1.2% | -5.2% | -10.2% | |
| Q1 2021 | +12.7% | +15.6% | +18.5% | |
| Q4 2020 | +0.7% | -0.7% | -5.9% | |
| Q3 2020 | -5.1% | -5.2% | +40.3% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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