ABIONYX Pharma Provides an Update on Its Activity and Cash Position for the 1st Quarter 2025
28 Mai 2025 - 6:00PM
Business Wire
- Consolidated sales of 1 M€ at end March 2025
- Cash position of 4.1 M€ at March 31, 2025 before collection
of Research Tax Credit of 1.08 M€
- Anticipated key milestone: feedback from the EMA by the end
of 2025 on the clinical results of LCAT patients treated with a
view to marketing authorization
Regulatory News:
ABIONYX Pharma (FR0012616852 - ABNX - PEA PME eligible),
a new generation biotech company dedicated to the discovery and
development of innovative therapies based on the world’s only
natural recombinant apoA-I, today provides an update on its
activity and cash position as of March 31, 2025.
Selected financial information (IFRS)
€m
Q1 2024
Q1 2023
Revenue from biotech activity
0.00
0.00
Revenue from IRIS Pharma
0.99
1.40
Total revenue
0.99
1.40
Other revenue
0.00
0.00
Total revenue income and
revenue
0.99
1.40
Cash and cash equivalents at the end of
the pe
4.09
2.70
ABIONYX Pharma recorded consolidated quarterly sales of nearly
€1 million in Q1 2025, down on Q1 2024. This decline is cyclical
and reflects a wait-and-see attitude on the part of customers in
the context of uncertain US customs policy. In the business
dedicated to the discovery and development of innovative therapies
designed to improve patients' lives, the Company generated no sales
in the quarter, as ABIONYX Pharma continues to provide its
bioproduct free of charge in the context of compassionate access
applications.
As at March 31, 2025, the Company had cash and cash equivalents
of nearly €4.1 million, before receipt of the estimated €1.08
million Research Tax Credit and after receipt of the first €2.17
million tranche of France 2030 funding.
R&D update and anticipated key milestones:
Concerning the rare disease known as “LCAT Deficiency” (Lecithin
Cholesterol Acyl-Transferase deficiency or Norum disease), the
Company continues to receive new requests for Compassionate Access
Authorization (CAA) for recombinant apoA-I, CER-001, from several
hospitals around the world. Last May, ABIONYX Pharma sent the
European Medicines Agency (EMA) the clinical results of treated
patients, with a view to continuing discussions and obtaining
feedback for a future application for Compassionate Access.
With regard to sepsis, ABIONYX Pharma is pursuing its strategic
plan to find a strategic partner for its biomedicine.
About ABIONYX Pharma
ABIONYX Pharma is a next-generation biotech company focused on
developing innovative medicines for diseases where there is no
effective or existing treatment, even the rarest ones. The company
expedites the development of novel therapeutics through an
extensive expertise in lipid science and a differentiated
apoA-I-based technology platform. ABIONYX Pharma is committed to
radically improving treatment outcomes in Sepsis and critical
care.
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version on businesswire.com: https://www.businesswire.com/news/home/20250528056173/en/
NewCap Investor relations Louis-Victor Delouvrier
abionyx@newcap.eu +33 (0)1 44 71 98 53
NewCap Media relations Arthur Rouillé abionyx@newcap.eu
+33 (0)1 44 71 00 15
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