Strong Start to 2025
2025 is off to a very good start with strong deal flow, both platform and asset-based, and a growing pipeline of partnered programs.
Launch of Exploration Partner Access Program
OmniAb launched the exploration partner access program, allowing partners to purchase exploration instruments for use in their labs, creating new revenue streams.
Increase in Active Partners and Programs
Exited Q1 with 95 active partners and 378 active programs, showing continued growth in partner and program metrics.
Revenue Increase
Q1 2025 revenue increased to $4.2 million from $3.8 million in Q1 2024, mainly due to higher milestone revenue.
Reduction in Operating Expenses
Operating expenses declined to $23 million from $26.4 million in the prior year period, with cost savings in R&D and G&A.
Upcoming Presentations and Conferences
OmniAb will be showcasing exploration at the PEGs conference in Boston and ASCO annual meeting in Chicago.