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resTORbio Reports Fourth Quarter and Full Year 2017 Financial Results
Apr. 03, 2018 08:48AM PST
Biotech Investing
resTORbio (NASDAQ:TORC), a clinical-stage biopharmaceutical company focused on helping people live healthier longer through the development and commercialization of novel therapeutics for the treatment of aging-related diseases, today reported financial results and provided a corporate update for the fourth quarter and full year ended December 31, 2017. As quoted in the press release: “We recently …
resTORbio (NASDAQ:TORC), a clinical-stage biopharmaceutical company focused on helping people live healthier longer through the development and commercialization of novel therapeutics for the treatment of aging-related diseases, today reported financial results and provided a corporate update for the fourth quarter and full year ended December 31, 2017.
As quoted in the press release:
“We recently completed our initial public offering, providing us the financial strength to pursue our goal of developing novel therapies for aging-related diseases. We are evaluating the potential of TORC1 inhibition to improve these diseases, beginning with our ongoing Phase 2b study evaluating RTB101 as an immunotherapy to reduce the incidence of respiratory tract infections in the elderly,” said Chen Schor, President and CEO of resTORbio. “In 2018, we look forward to reporting top-line data from this study in the second half of the year and to further developing RTB101, alone or in combination with everolimus, for the treatment of additional aging-related diseases.”