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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Corvus Pharmaceuticals
Corvus Pharmaceuticals (CRVS) investor relations material
Corvus Pharmaceuticals Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Soquelitinib Phase 3 relapsed/refractory PTCL and Phase 2 atopic dermatitis trials remained on track; development is also expanding into hidradenitis suppurativa, asthma and ALPS.
Cash, cash equivalents and marketable securities totaled $202.9M at September 30, 2026, and were expected to fund operations into Q2 2028.
No product sales revenue has been generated.
Financial highlights
Q3 2026 R&D expense was $17.8M vs. $8.5M in Q3 2025, reflecting higher soquelitinib trial and personnel costs.
Q3 2026 net loss was $20.3M vs. $10.2M; nine-month net loss was $52.0M vs. $3.0M, with the prior-year period including a $27.1M warrant fair-value gain.
Q3 operating expenses were $21.4M vs. $10.6M YoY; nine-month expenses were $55.5M vs. $30.8M.
Q3 G&A was $3.6M vs. $2.1M; nine-month G&A was $10.6M vs. $7.0M, primarily due to personnel and outside-service costs.
Q3 stock-based compensation was $2.8M vs. $1.2M; nine-month expense was $8.1M vs. $3.8M.
Outlook and guidance
PTCL Phase 3 futility analysis is expected in Q1 2027; trial data are anticipated in late 2027/early 2028.
SIERRA1 atopic dermatitis top-line data are anticipated in Q3 2027; a Phase 3 trial could start in 2028 if results support advancement.
Hidradenitis suppurativa Phase 1b data are targeted for H1 2027; asthma Phase 2 initiation is expected in Q1 2027.
Angel atopic dermatitis cohort 1 preliminary results are expected in March 2027, with cohort 2 data potentially in H2 2027; Angel asthma Phase 2 initiation is anticipated in Q2 2027.
R&D and G&A spending are expected to increase as clinical development advances; additional capital will be needed to fund programs through commercialization.
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Latest events from Corvus Pharmaceuticals
- Oral ITK inhibitor soquelitinib targets multiple immune diseases with pivotal data expected by 2027.CRVS
12th Annual Cantor Fitzgerald Global Healthcare Conference - Soquelitinib shows robust efficacy and safety in AD, supporting broad immune disease potential.CRVSCorporate presentation
- Q2 2026 net loss rose to $18M as R&D spending increased; cash runway extends into Q2 2028.CRVSQ2 2026
- Lead asset soquelitinib advances in oncology and immunology with strong IP and cash runway.CRVSGoldman Sachs 47th Annual Global Healthcare Conference 2026
- Durable efficacy and safety demonstrated in immune diseases, with broad clinical expansion underway.CRVSJefferies Global Healthcare Conference 2026
- Soquelitinib achieved durable efficacy, safety, and immune rebalancing in atopic dermatitis.CRVSStudy update
- Strong efficacy, safety, and immune modulation support Phase II trials for soquelitinib in atopic dermatitis.CRVSStudy result
- Soquelitinib showed robust efficacy and safety, with $31.3M raised to fund operations into late 2026.CRVSQ1 2025
- Soquelitinib advances with strong clinical data and a $52M cash runway into Q1 2026.CRVSQ4 2024
Next Corvus Pharmaceuticals earnings date
Q4 202616 Mar, 2027
Corvus Pharmaceuticals
Next Corvus Pharmaceuticals earnings date
Q4 202616 Mar, 2027
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Frequently asked questions
Corvus Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company focused on developing immune-oncology therapies for the treatment of cancer and immune-related diseases. The company’s pipeline includes drug candidates that target key immune pathways to enhance the body’s immune response against cancer cells. The company is headquartered in Burlingame, California, and its shares are listed on the NASDAQ.