Increased Total Consideration for FibroGen China Sale
The total consideration for the sale of FibroGen China to AstraZeneca is now expected to be approximately $210 million, a $50 million increase from initial guidance due to greater-than-expected net cash in China at closing.
Extended Cash Runway
The increased cash from the FibroGen China sale further extends the company's cash runway into 2028.
Phase II Monotherapy Trial Initiation
FibroGen is on track to begin a Phase II monotherapy trial of FG-3246 and FG-3180 in the third quarter of 2025.
Positive Regulatory Feedback
FibroGen had a positive Type-C meeting with the FDA and alignment on key elements for a pivotal Phase III trial for roxadustat.
Significant Reduction in Operating Costs
Total operating costs and expenses for Q2 2025 were $13.4 million, a 72% decrease from the second quarter of 2024.