Transformational Licensing Agreement with Ayrmid Pharma
Exclusive out-licensing agreement for APHEXDA with Ayrmid Pharma Limited, including upfront payment, significant commercial milestones, and royalties.
Significant Reduction in Operating Cash Burn
Reduced ongoing operating cash burn by over 70% from $40 million to less than $12 million annually.
Positive Financial Position
Net income of $5.1 million for Q1 2025, compared to a net loss of $0.7 million in Q1 2024, primarily due to non-operating income from the revaluation of warrants.
Strong Performance in Pancreatic Cancer Studies
Promising results from CheMo4METPANC trial, including a partial response rate of 64% and a disease control rate of 91%, with some patients showing significant long-term progression-free survival.
Encouraging APHEXDA Sales Under Ayrmid
APHEXDA sales generated $1.4 million in Q1 2025, resulting in $0.3 million of royalty revenues to BioLineRx.
Robust Cash Position
Ended Q1 2025 with $26.4 million in cash, cash equivalents, and short-term bank deposits, with a cash runway projected through the second half of 2026.