Impressive Survival Results for Quellimmune
Reported very impressive survival results for the use of Quellimmune therapy in 21 pediatric patients, with 76% surviving through 60 days and 71% through 90 days.
Revenue Growth and Projections
Net revenue for Quellimmune in the third quarter was $183,000, a 45% increase compared to the first six months of the year. Full-year revenue for 2025 is projected to exceed $1 million.
High Gross Profit Margin
Achieved a gross profit margin of 92%, similar to a branded pharmaceutical product.
Expansion of Clinical Sites
Onboarded three additional clinical sites for the neutralized AKI trial, bringing the total to 17 active sites, with plans to activate eight more.
Financial Strengthening
Raised over $12 million to strengthen the balance sheet and extend the financial runway.