Dustin Scaringe's questions to AXDX leadership • Q4 2023
Question
Asked about the specific performance metrics for Wave to be released at ECCMID, the FDA approval timeline for the isolates menu following the initial gram-negative panel, and for guidance on company spending and cash burn expectations for the upcoming year.
Answer
The company plans to release Wave data at ECCMID, including metrics like essential agreement, categorical agreement, and time-to-result. The menu strategy post-gram-negative PBC is to focus on gram-positive PBC (expected approval in 2025), followed by gram-negative and gram-positive isolates. Significant cash burn reductions are expected, particularly in R&D (about $2M savings per quarter), as Wave moves into clinical trials, with Q4's spend serving as a good baseline for 2024 modeling.