UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
Development Program Update
On October 21, 2021, Metacrine, Inc. (the “Company”) issued a press release announcing the interim results for the Company’s MET642 Phase 2a trial in patients with non-alcoholic steatohepatitis and a strategic re-prioritization of its clinical development programs. A copy of such release is attached hereto as Exhibit 99.1, and is hereby incorporated by reference.
Financial Update
Based on the Company’s current estimates, as of September 30, 2021, the Company had $61.7 million in cash, cash equivalents and short-term investments. These amounts are unaudited and preliminary and are subject to change upon completion of financial closing procedures for the quarter ended September 30, 2021, and do not present all information necessary for an understanding of the Company’s financial condition as of September 30, 2021. The review of the Company’s financial statements for the quarter ended September 30, 2021 is ongoing and could result in changes to these amounts. The Company’s expectations with respect to its unaudited results for the period discussed above are based upon management estimates and are the responsibility of management. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary results and, accordingly, does not express an opinion or any other form of assurance about them.
Item 9.01 Financial Statements and Exhibits.
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Exhibits. |
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Metacrine, Inc. |
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Date: October 21, 2021 |
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By: |
/s/ Catherine Lee |
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Catherine Lee |
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EVP, General Counsel and Corporate Secretary |
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