Design Therapeutics Highlights Progress Across Lead GeneTAC® Programs and Reports Fourth Quarter and Full Year 2024 Financial Results
Clinical Trials and Developments: Design Therapeutics has initiated a Phase 1 trial for DT-216P2 in healthy volunteers, with patient dosing for Friedreich Ataxia expected to start in mid-2025. They have also completed dosing in the DT-168 trial and are on track to report data in early 2025.
Financial Position: The company reported a net loss of $49.6 million for 2024 but is well-capitalized with $245.5 million in cash and securities, which is projected to fund operations through 2029 while advancing multiple clinical programs.
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Significant Options Trading on Wednesday: UTHR, URGN, DSGN
UroGen Pharma Options Activity: UroGen Pharma Ltd (URGN) has seen a significant options volume of 20,539 contracts today, equating to about 2.1 million underlying shares, which is 192% of its average daily trading volume over the past month.
High Volume Call Option for URGN: The $24 strike call option expiring on February 20, 2026, has particularly high activity with 10,010 contracts traded, representing approximately 1.0 million underlying shares.
Design Therapeutics Options Activity: Design Therapeutics Inc (DSGN) has recorded an options volume of 5,000 contracts today, representing around 500,000 underlying shares, which is 164.8% of its average daily trading volume over the past month.
High Volume Call Option for DSGN: The $9 strike call option expiring on January 16, 2026, has seen all 5,000 contracts traded today, corresponding to approximately 500,000 underlying shares.
