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Gyre Therapeutics | 8-K: Gyre Therapeutics Reports Third Quarter 2024 and Year-To-Date Financial Results and Provides Business Update

Gyre Therapeutics | 8-K: Gyre Therapeutics Reports Third Quarter 2024 and Year-To-Date Financial Results and Provides Business Update

Gyre Therapeutics | 8-K:Gyre Therapeutics公佈2024年第三季度和年初至今的財務業績,並提供業務最新情況
美股SEC公告 ·  2024/11/13 09:54

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Gyre Therapeutics reported Q3 2024 revenues of $25.5 million, down from $32.0 million in Q3 2023, with net income of $2.9 million. The company maintained a solid cash position of $15.9 million as of September 30, 2024, sufficient to fund operations for at least 12 months.The company achieved significant clinical progress with the completion of patient enrollment in its pivotal Phase 3 trial of F351 for CHB-associated liver fibrosis, with topline data expected in Q1 2025. Additionally, Gyre is preparing for two major product launches in 2025 - avatrombopag for thrombocytopenia in CLD patients and nintedanib for idiopathic pulmonary fibrosis.Looking ahead, Gyre plans to initiate a U.S. Phase 2 trial of F351 in MASH-associated liver fibrosis in 2025, while advancing other pipeline candidates including F573 in acute liver failure and F230 in pulmonary arterial hypertension. The company continues to leverage its commercial infrastructure in China while expanding its therapeutic portfolio through both internal development and strategic acquisitions.
Gyre Therapeutics reported Q3 2024 revenues of $25.5 million, down from $32.0 million in Q3 2023, with net income of $2.9 million. The company maintained a solid cash position of $15.9 million as of September 30, 2024, sufficient to fund operations for at least 12 months.The company achieved significant clinical progress with the completion of patient enrollment in its pivotal Phase 3 trial of F351 for CHB-associated liver fibrosis, with topline data expected in Q1 2025. Additionally, Gyre is preparing for two major product launches in 2025 - avatrombopag for thrombocytopenia in CLD patients and nintedanib for idiopathic pulmonary fibrosis.Looking ahead, Gyre plans to initiate a U.S. Phase 2 trial of F351 in MASH-associated liver fibrosis in 2025, while advancing other pipeline candidates including F573 in acute liver failure and F230 in pulmonary arterial hypertension. The company continues to leverage its commercial infrastructure in China while expanding its therapeutic portfolio through both internal development and strategic acquisitions.
Gyre Therapeutics報告了2024年第三季度的收入爲2550萬美元,較2023年第三季度的3200萬美元下降,凈利潤爲290萬美元。截止到2024年9月30日,公司保持了1590萬美元的穩健現金儲備,足以支持至少12個月的運營。公司在F351治療與慢性肝病相關的肝纖維化的關鍵第三期臨牀試驗中完成了患者招募,預計在2025年第一季度公佈頂線數據。此外,Gyre還準備在2025年推出兩個主要產品——治療CLD患者的血小板減少症的avatrombopag和治療特發性肺纖維化的nintedanib。展望未來,Gyre計劃在2025年啓動F351在MASH相關肝纖維化的美國第二期試驗,同時推進其他候選藥物,包括用於急性肝衰竭的F573和用於肺動脈高壓的F230。公司繼續在中國利用其商業製造行業,同時通過內開發和戰略收購擴大其治療產品組合。
Gyre Therapeutics報告了2024年第三季度的收入爲2550萬美元,較2023年第三季度的3200萬美元下降,凈利潤爲290萬美元。截止到2024年9月30日,公司保持了1590萬美元的穩健現金儲備,足以支持至少12個月的運營。公司在F351治療與慢性肝病相關的肝纖維化的關鍵第三期臨牀試驗中完成了患者招募,預計在2025年第一季度公佈頂線數據。此外,Gyre還準備在2025年推出兩個主要產品——治療CLD患者的血小板減少症的avatrombopag和治療特發性肺纖維化的nintedanib。展望未來,Gyre計劃在2025年啓動F351在MASH相關肝纖維化的美國第二期試驗,同時推進其他候選藥物,包括用於急性肝衰竭的F573和用於肺動脈高壓的F230。公司繼續在中國利用其商業製造行業,同時通過內開發和戰略收購擴大其治療產品組合。
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