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iBio Inc | 8-K: iBio Reports Fiscal First Quarter 202 5 Financial Results

iBio Inc | 8-K: iBio Reports Fiscal First Quarter 202 5 Financial Results

iBio Inc | 8-K:iBio公佈2025年第一財季財務業績
美股SEC公告 ·  2024/11/12 13:55

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iBio reported its financial results for Q1 FY2025 ended September 30, 2024, with no revenue and a reduced net loss of $4.0 million ($0.46 per share) compared to $5.1 million in the same period last year. R&D and G&A expenses decreased 20% to $4.1 million, reflecting the company's cash preservation strategy. The company maintained $11.3 million in cash and cash equivalents.The company made significant progress in its collaboration with AstralBio, advancing their joint myostatin program for cardiometabolic disease and obesity. They have manufactured and dosed a lead molecule in non-human primate studies, with potential early readouts expected in early 2025. Additionally, iBio strengthened its leadership team by appointing Kristi Sarno as Senior Vice President of Business Development, effective August 1, 2024.
iBio reported its financial results for Q1 FY2025 ended September 30, 2024, with no revenue and a reduced net loss of $4.0 million ($0.46 per share) compared to $5.1 million in the same period last year. R&D and G&A expenses decreased 20% to $4.1 million, reflecting the company's cash preservation strategy. The company maintained $11.3 million in cash and cash equivalents.The company made significant progress in its collaboration with AstralBio, advancing their joint myostatin program for cardiometabolic disease and obesity. They have manufactured and dosed a lead molecule in non-human primate studies, with potential early readouts expected in early 2025. Additionally, iBio strengthened its leadership team by appointing Kristi Sarno as Senior Vice President of Business Development, effective August 1, 2024.
iBio報告了截至2024年9月30日的2025財年第一季度財務結果,營業收入爲零,淨虧損減少至400萬美元(每股0.46美元),相比於去年同期的510萬美元。研發及一般管理費用減少20%至410萬美元,反映了公司現金保留策略。公司維持有1130萬美元的現金及現金等價物。公司在與AstralBio的合作中取得了重大進展,推動了他們的聯合肌肉萎縮素項目,專注於心代謝疾病和肥胖。他們已經在非人靈長類動物研究中製造並給藥了一種主要分子,並預計在2025年初會有潛在的早期讀數。此外,iBio通過任命Kristi Sarno爲業務發展高級副總裁來強化領導團隊,該任命自2024年8月1日起生效。
iBio報告了截至2024年9月30日的2025財年第一季度財務結果,營業收入爲零,淨虧損減少至400萬美元(每股0.46美元),相比於去年同期的510萬美元。研發及一般管理費用減少20%至410萬美元,反映了公司現金保留策略。公司維持有1130萬美元的現金及現金等價物。公司在與AstralBio的合作中取得了重大進展,推動了他們的聯合肌肉萎縮素項目,專注於心代謝疾病和肥胖。他們已經在非人靈長類動物研究中製造並給藥了一種主要分子,並預計在2025年初會有潛在的早期讀數。此外,iBio通過任命Kristi Sarno爲業務發展高級副總裁來強化領導團隊,該任命自2024年8月1日起生效。
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