Inhibitor Therapeutics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
March 31, 2023 at 05:01 pm
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Inhibitor Therapeutics, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported net income was USD 12.11 million compared to net loss of USD 0.298632 million a year ago. Basic earnings per share from continuing operations was USD 0.03.
Diluted earnings per share from continuing operations was USD 0.03.
Inhibitor Therapeutics, Inc. is a pharmaceutical development company. The Company is focused on developing and commercializing therapeutics based on already approved active pharmaceuticals that have patent-protected methods of use and/or methods of delivery for patients with certain cancers and certain non-cancerous proliferation disorders. Its primary focus is on the development of therapies initially for basal cell carcinoma (BCC), prostate and lung cancers in the United States utilizing itraconazole, a drug approved by the United States Food and Drug Administration (FDA) to treat fungal infections. The Company has developed intellectual property and know-how related to the treatment of cancer patients using itraconazole. The Company's intellectual property in the form of issued United States patents includes treatment and prognostic monitoring of proliferation disorders using hedgehog pathway inhibitors, and treatment of lung cancer using hedgehog pathway inhibitors.