Pds Biotechnology ( (PDSB) ) has released its Q2 earnings. Here is a breakdown of the information Pds Biotechnology presented to its investors.
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PDS Biotechnology Corporation is a late-stage immunotherapy company focused on developing innovative treatments for cancer, particularly targeting HPV16-positive head and neck squamous cell carcinoma. In its second-quarter 2025 earnings report, PDS Biotech highlighted significant progress in its clinical trials, including the VERSATILE-003 Phase 3 trial and the VERSATILE-002 trial, which showed promising results for its lead product, PDS0101.
The company announced the expansion of its Phase 2 clinical trial for metastatic colorectal cancer after positive initial results. Additionally, PDS Biotech presented three abstracts at the 2025 American Society of Clinical Oncology meeting, showcasing positive data from its ongoing trials. Financially, the company reported a net loss of $9.4 million for the quarter, an increase from the previous year, primarily due to higher interest expenses.
Research and development expenses decreased slightly to $4.2 million, while general and administrative expenses also saw a reduction. The company’s cash balance stood at $31.9 million as of June 30, 2025, down from $41.7 million at the end of 2024. Despite the financial losses, PDS Biotech continues to advance its clinical programs and explore new therapeutic areas.
Looking ahead, PDS Biotechnology remains focused on advancing its clinical trials and is optimistic about the potential of its immunotherapy candidates. The company aims to publish full data from its VERSATILE-002 trial later this year, while continuing to progress its other clinical initiatives.