Eledon Pharmaceuticals posts Q3 net loss of $17.5 million

Reuters11-15

Eledon Pharmaceuticals posts Q3 net loss of $17.5 million

Eledon Pharmaceuticals reported a net loss of $17.5 million, or $0.21 per basic common share, for the third quarter of 2025, compared to a net income of $77.0 million, or $1.05 per basic common share, in the same period in 2024. The 2024 net income included a non-cash gain of $96.4 million from changes in warrant liabilities; without this gain, the net loss would have been $19.5 million. As of September 30, 2025, cash, cash equivalents, and short-term investments totaled $93.4 million, down from $140.2 million at the end of 2024. Research and development expenses were $15.0 million, compared to $16.5 million in the third quarter of 2024. General and administrative expenses were $4.1 million, similar to $4.0 million in the prior year. Business highlights include positive Phase 2 BESTOW trial results for tegoprubart, supporting advancement to Phase 3 for kidney transplant rejection prevention, and a $57.5 million financing to fund transplantation programs.

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. Eledon Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9576388-en) on November 14, 2025, and is solely responsible for the information contained therein.

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