Chemomab Therapeutics Ltd. ( (CMMB) ) has released its Q2 earnings. Here is a breakdown of the information Chemomab Therapeutics Ltd. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chemomab Therapeutics Ltd., a clinical-stage biotechnology company, focuses on developing innovative treatments for fibro-inflammatory diseases with high unmet needs. The company is advancing its lead product, nebokitug, a monoclonal antibody targeting CCL24, which has shown promise in treating primary sclerosing cholangitis (PSC) and other severe conditions.
In its second-quarter 2025 financial report, Chemomab highlighted ongoing preparations for a Phase 3 trial of nebokitug in PSC, alongside efforts to secure strategic partnerships to optimize development and commercialization. The company has aligned with the FDA on regulatory requirements and is engaging with the European Medicines Agency for a global trial.
Key financial metrics for the quarter include a cash position of $9.5 million, expected to fund operations through mid-2026. Research and development expenses decreased significantly to $1.3 million, reflecting the completion of Phase 2 activities, while general and administrative expenses rose slightly to $1.0 million. The net loss for the quarter was $2.1 million, a reduction from the previous year.
Strategic developments include the issuance of new patents in China and Russia, enhancing nebokitug’s intellectual property portfolio, and a planned adjustment to the ADS ratio, effectively a one-for-four reverse split. These moves aim to strengthen Chemomab’s market position and support its ambitious clinical goals.
Looking ahead, Chemomab remains focused on advancing nebokitug through its Phase 3 trial and exploring value-creating initiatives to enhance the program’s success potential. The management is optimistic about securing partnerships that will accelerate development and maximize the drug’s commercial potential.