Aptevo Therapeutics Inc. reported a net loss of $7.5 million, or $2.23 per share, for the three months ended September 30, 2025, compared to a net loss of $5.1 million, or $357.86 per share, for the same period in 2024. Research and development expenses increased to $4.0 million from $3.1 million, primarily due to higher mipletamig and employee costs, offset by lower costs on ALG.APV-527. General and administrative expenses rose to $3.6 million from $2.1 million, mainly due to higher employee costs. A non-cash dividend of $1.5 million was recorded related to the down round feature of warrants, increasing net loss attributable to common shareholders to $9.0 million for EPS purposes. As of September 30, 2025, cash and cash equivalents totaled $21.1 million, with an additional $4.1 million raised in October, resulting in a proforma cash position of $25.2 million. The company states it has sufficient cash resources to meet projected operating requirements for at least twelve months from the date of issuance of the financial statements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aptevo Therapeutics Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1097578) on November 06, 2025, and is solely responsible for the information contained therein.
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