Connect Biopharma FY25 net loss widens to $55.5 million; cash, investments fall to $44 million

Reuters04-01

<a href="https://laohu8.com/S/CNTB">Connect Biopharma</a> FY25 net loss widens to $55.5 million; cash, investments fall to $44 million

Connect Biopharma posted a net loss of $56 million, or ($1.00) per share, for full-year 2025.
Revenue slipped to $0.06 million.
Research and development expense climbed to $38 million due to higher rademikibart development costs tied to initiation of Phase 2 Seabreeze STAT asthma and COPD studies.
March highlights included positive Phase 1 topline data for IV rademikibart in asthma or COPD, showing rapid FEV1 improvement as early as 15 minutes post-dose.
Cash, cash equivalents and short-term investments totaled $44 million; Connect expects funds, including net proceeds from a $20 million private placement, to support operations into second half of 2027.

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. Connect Biopharma Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001835268-26-000012), on March 31, 2026, and is solely responsible for the information contained therein.

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