Whitehawk Therapeutics Inc operates as a clinical-stage biopharmaceutical company. The Company develops precision therapies for genetically-defined cancers.
Whitehawk Therapeutics Reports Second Quarter 2026 Financial Results and Recent Highlights
Whitehawk Therapeutics reported a Q2 net loss of $16.6 million, or $0.20 per share, with no revenue for the period. R&D expenses decreased to $12.9 million compared to the prior year's quarter which included a one-time license fee.
The company bolstered its balance sheet with $190.0 million in cash and investments following an $87.5 million private placement in May. Management projects this capital will fund operations into the second half of 2028.
Operationally, Whitehawk is enrolling patients in Phase 1 trials for HWK-007 and HWK-016 and remains on track to initiate the HWK-206 trial in Q3 2026. Recent strategic moves include option agreements with Hangzhou DAC and a collaboration with Biocytogen to expand its ADC platform.