Neurogene Inc. ( (NGNE) ) has released its Q1 earnings. Here is a breakdown of the information Neurogene Inc. presented to its investors.
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Neurogene Inc. is a clinical-stage company focused on developing genetic medicines to treat rare neurological diseases, leveraging its proprietary EXACT™ transgene regulation technology for improved gene therapy outcomes.
In its first quarter of 2025 financial report, Neurogene Inc. highlighted significant progress in its NGN-401 gene therapy program for Rett syndrome, with plans to update on the registrational trial in the first half of the year and share interim clinical data in the second half. The company also reported a strong cash position expected to sustain operations into the second half of 2027.
Key financial metrics from the first quarter of 2025 include a net loss of $22.6 million, an increase in R&D expenses to $17.8 million driven by clinical trial costs, and G&A expenses rising to $8.2 million due to increased headcount. Neurogene’s cash and short-term investments totaled $292.6 million, providing a solid financial runway for ongoing and future projects.
Neurogene continues to advance its NGN-401 program, enrolling participants in its Phase 1/2 trial and planning for a future registrational trial. The company is also actively participating in upcoming industry conferences to discuss its innovative approaches and regulatory insights.
Looking ahead, Neurogene remains focused on advancing its NGN-401 program and leveraging its financial resources to support its strategic initiatives, with a commitment to providing updates on its clinical trials and regulatory progress throughout 2025.