Hartaj Singh's questions to ONCT leadership • Q4 2023
Question
Inquired about the market potential for ONCT-534, the timeline for patient recruitment in the amended ONCT-808 trial, and the reasons for lower-than-expected Q4 operating expenses and future cash burn rate.
Answer
The company sees a potential $1B+ market for ONCT-534, which could expand to multi-billions in earlier therapy lines. Patient recruitment for ONCT-808 is expected to resume soon as investigators are eager. The lower Q4 OpEx was due to efficient wind-down of the ZILO-301 program, and the actual cash burn is closer to $7.5M-$9M per quarter after excluding non-cash expenses.