Successful Phase III PIVOT-PO Trial for Tebipenem HBr
The Phase III PIVOT-PO trial evaluating Tebipenem HBr for complicated urinary tract infections met its primary endpoint and was stopped early for efficacy, demonstrating non-inferiority to intravenous imipenem-cilastatin.
Extended Cash Runway
With the trial stopping early for efficacy, Spero achieved meaningful cost savings, extending the cash runway into 2028 based on their current operating plan.
Increased Revenue
Total revenue for the second quarter of 2025 was $14.2 million compared to $10.2 million for the second quarter of 2024, primarily due to collaboration revenue from GSK.
Reduction in Net Loss
Spero reported a net loss of $1.7 million for the second quarter of 2025 compared to a net loss of $17.9 million for the second quarter of 2024.
Significant R&D Expense Reduction
R&D expenses for the second quarter of 2025 were $10.7 million compared to $23.7 million for the same period in 2024, primarily due to reduced clinical expense related to the PIVOT-PO study.