Aadi Bioscience, Inc. ( (WHWK) ) has released its Q2 earnings. Here is a breakdown of the information Aadi Bioscience, Inc. presented to its investors.
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Whitehawk Therapeutics, Inc. is an oncology therapeutics company focused on developing advanced ADC cancer treatments by leveraging established tumor biology. The company operates within the biotechnology sector and is known for its innovative approach to addressing difficult-to-treat cancers.
In its second quarter of 2025 financial results, Whitehawk Therapeutics reported significant progress in advancing its ADC portfolio, with plans to file Investigational New Drug (IND) applications for its first two programs by the end of 2025. The company also highlighted its strong cash position, which is expected to support operations into 2028.
Key financial metrics from the report include a substantial increase in cash, cash equivalents, and short-term investments to $177.2 million as of June 30, 2025, compared to $47.2 million at the end of 2024. However, the company reported a net loss of $52.6 million for the quarter, attributed in part to a $38.0 million upfront payment under the Wuxi ADC agreement. Despite the losses, the company remains focused on its strategic goals.
Whitehawk Therapeutics is on track to submit INDs for HWK-007 and HWK-016 by year-end 2025, with a third program, HWK-206, expected by mid-2026. The company’s capital efficiency and focused execution are expected to enable initial clinical data readouts across its portfolio.
Looking ahead, Whitehawk Therapeutics is optimistic about its ability to advance its pipeline and generate key clinical data, supported by its existing cash resources. The company remains committed to overcoming the limitations of first-generation ADCs and delivering impactful treatments for cancer patients.