Inhibrx Biosciences, Inc. ( (INBX) ) has released its Q2 earnings. Here is a breakdown of the information Inhibrx Biosciences, Inc. presented to its investors.
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Inhibrx Biosciences, Inc. is a clinical-stage biopharmaceutical company focused on developing novel biologic therapeutic candidates using advanced protein engineering techniques. The company operates within the biotechnology sector and is known for its innovative approaches to addressing complex disease biology.
In its second quarter of 2025 financial results, Inhibrx reported significant developments following its recent corporate restructuring. The company highlighted ongoing clinical trials for two of its programs, with data readouts anticipated later this year.
Financially, Inhibrx saw a notable increase in revenue to $1.3 million compared to $0.1 million in the same quarter of the previous year, primarily due to the completion of obligations under a licensing agreement. However, the company reported a net loss of $28.7 million, a stark contrast to the $1.9 billion net income recorded in the second quarter of 2024, which was influenced by a substantial gain from a previous transaction. Operating expenses have decreased significantly, reflecting the absence of non-recurring costs from the prior year.
Strategically, Inhibrx is advancing its clinical trials, with the ozekibart (INBRX-109) trial reaching full enrollment and results expected by late October 2025. Additionally, initial data from the INBRX-106 trial is anticipated in the fourth quarter of 2025, indicating continued progress in its clinical development pipeline.
Looking ahead, Inhibrx remains focused on its clinical programs and anticipates key data readouts that could impact its future trajectory. The company continues to leverage its proprietary technology platforms to develop therapeutic candidates, positioning itself for potential growth within the biopharmaceutical industry.