Name | Value |
---|---|
Revenues | 10.4M |
Cost of Revenue | 2.4M |
Gross Profit | 8.0M |
Operating Expense | 56.6M |
Operating I/L | -46.2M |
Other Income/Expense | 7.8M |
Interest Income | 2.8M |
Pretax | -38.4M |
Income Tax Expense | 0.2M |
Net Income/Loss | -38.5M |
Sutro Biopharma, Inc. is a clinical stage drug discovery and development company specializing in creating protein therapeutics for cancer and autoimmune disorders. The company's primary focus is on its proprietary XpressCF+ platform, which enables the development of protein-based therapeutics. Its product candidates include STRO-001, an antibody-drug conjugate (ADC) for multiple myeloma and non-Hodgkin lymphoma, and STRO-002, an ADC for ovarian and endometrial cancers. Sutro Biopharma also has collaboration and license agreements with Merck and Celgene to develop research programs and bispecific antibodies/ADCs for immuno-oncology.