Aadi Bioscience, Inc. - AADI STOCK NEWS

Aadi Bioscience reported net product sales of $3.4 million for FYARRO in Q2 2022, marking the first full quarter post-launch. The company is advancing the PRECISION 1 trial, with preliminary data expected in 1H23. Significant partnerships with genomic testing leaders were established to enhance patient recruitment for the trial. Despite a $3.7 million non-cash impairment charge and a net loss of $18.3 million for the quarter, cash reserves of $118.7 million are projected to fund operations into 2024.

Aadi Bioscience (Nasdaq: AADI) will host a conference call and webcast on August 10, 2022 at 8:30 am EDT to discuss its Q2 2022 financial results and provide corporate updates. This biopharmaceutical company focuses on precision therapies for genetically defined cancers, particularly targeting mTOR pathway alterations. Notably, Aadi received FDA approval for FYARRO™ in November 2021 for treating malignant PEComa. For further details, visit aadibio.com.

Aadi Bioscience, Inc. (NASDAQ: AADI) has been included in the U.S. small-cap Russell 2000® Index and the broad-market Russell 3000® Index, effective June 24, 2022. This inclusion marks a significant milestone in Aadi's first year as a public company, enhancing its visibility among investors. Aadi's CEO, Neil Desai, expressed optimism about the company's progress, including the launch of FYARRO™ and the initiation of the PRECISION 1 trial targeting mTOR pathway alterations. Russell indexes are crucial benchmarks for $12 trillion in assets.

Aadi Bioscience, a biopharmaceutical company focused on precision therapies for genetically defined cancers, will participate in the Jefferies Global Healthcare Conference in New York from June 8-10, 2022. CEO Neil Desai is set to present during a fireside chat on June 9 at 10am ET. A live webcast will be accessible via the company’s website, with a replay available for 30 days post-event. Aadi is known for its FDA-approved treatment FYARRO for PEComa and has initiated a Phase 2 trial called PRECISION 1 targeting mTOR inhibitor-naïve solid tumors.

Aadi Bioscience (NASDAQ: AADI) has appointed Marcy Graham as Senior Vice President of Investor Relations and Corporate Communications. Graham brings over 20 years of experience in biotech investor relations, having previously worked at Poseida Therapeutics and Mirati Therapeutics. Her role will focus on enhancing Aadi's investor base and corporate visibility following the company's transition to public markets and the approval of its first commercial product, FYARRO. The company aims to advance its pipeline for precision oncology therapies targeting genetically defined cancers.

Aadi Bioscience (NASDAQ: AADI) announced promising results for its drug nab-sirolimus in treating patients with advanced malignant PEComa at the 2022 ASCO Annual Meeting. Data from the AMPECT trial and an expanded access program indicated that 64% of patients with TSC1 or TSC2 alterations responded positively to treatment, compared to a 39% response rate for all patients. The findings bolster the rationale for the ongoing PRECISION 1 Phase 2 trial. FYARRO™, the drug's commercial name, is FDA-approved for locally advanced, unresectable malignant PEComa.

Aadi Bioscience, a biopharmaceutical company focused on precision therapies for genetically-defined cancers, will participate in the H.C. Wainwright Global Investment Conference from May 23-26, 2022. Founder and CEO Neil Desai and the executive team will present virtually on May 24, starting at 7:00 AM EDT. Aadi recently received FDA approval for its drug FYARRO for treating advanced malignant PEComa and has launched it commercially. The company has also initiated the PRECISION 1 trial for solid tumors with specific genetic alterations.

Aadi Bioscience reported FYARRO net product sales of $2.3 million for Q1 2022, following its launch in February. The company initiated patient dosing in the PRECISION 1 Phase 2 trial for tumors with TSC1 or TSC2 alterations. Aadi's cash reserves stood at $129.8 million as of March 31, 2022, projected to fund operations into 2024. Operating expenses rose to $16.1 million, primarily due to increased marketing and personnel costs. The net loss for Q1 2022 was $13.9 million, up from $5.5 million in Q1 2021.

Aadi Bioscience, Inc. reported first quarter 2022 financial results, highlighting net product sales of $2.3 million from the launch of FYARRO in February.

The company emphasizes strong demand and favorable physician awareness. Operating expenses surged to $16.1 million, with a net loss of $13.9 million, compared to $5.5 million in Q1 2021. Aadi initiated dosing in the PRECISION 1 trial, targeting TSC1/TSC2 gene alterations, and expects initial clinical data in 2023. Aadi anticipates cash reserves will fund operations into 2024.