Zenas BioPharma, Inc. ( (ZBIO) ) has released its Q2 earnings. Here is a breakdown of the information Zenas BioPharma, Inc. presented to its investors.
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Zenas BioPharma, Inc. is a clinical-stage global biopharmaceutical company focused on developing and commercializing transformative therapies for autoimmune diseases, with a lead product candidate, obexelimab, designed to inhibit B cell activity without depleting them.
In its recent earnings report, Zenas BioPharma announced the completion of enrollment for its Phase 2 MoonStone trial in Relapsing Multiple Sclerosis and expects results by early fourth quarter 2025. The company also anticipates topline results from its pivotal Phase 3 INDIGO trial in Immunoglobulin G4-Related Disease by the end of 2025.
Key financial metrics for the second quarter of 2025 include cash, cash equivalents, and investments totaling $274.9 million, expected to fund operations into the fourth quarter of 2026. Research and development expenses rose to $43.0 million, reflecting increased costs in clinical development and personnel, while general and administrative expenses increased to $12.1 million due to personnel and pre-commercialization activities. The company reported a net loss of $52.2 million for the quarter.
Strategically, Zenas is advancing its obexelimab trials across various autoimmune diseases, including Systemic Lupus Erythematosus, with enrollment expected to complete by year-end 2025 and results anticipated in mid-2026. The company’s unique approach with obexelimab positions it to potentially impact the treatment landscape for autoimmune diseases.
Looking ahead, Zenas BioPharma remains focused on its clinical development programs and is well-positioned financially to continue its operations and strategic initiatives, with management expressing confidence in their ability to deliver transformative therapies to patients worldwide.