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Akari Therapeutics (AKTX) investor relations material
Akari Therapeutics SEO filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Focuses on developing next-generation antibody-drug conjugates (ADCs) with proprietary cancer-killing payloads, aiming to improve efficacy and safety over current ADC therapies.
Lead candidate AKTX-101 targets Trop2, a protein highly expressed in various solid tumors, and is in preclinical development.
Acquired the ADC platform through the merger with Peak Bio in November 2024, shifting focus from legacy programs to oncology ADCs.
No commercial products or product revenue to date; future revenue depends on successful development and commercialization of pipeline therapies.
Financial performance and metrics
For the year ended December 31, 2024, pro forma combined operating expenses were $25.7 million, with a net loss of $19.5 million.
The company has a history of operating losses and has identified material weaknesses in internal controls.
Recent financings include a $2.5 million gross proceeds offering in October 2025 and several private placements in 2023–2025.
Use of proceeds and capital allocation
Will not receive proceeds from the resale of shares by selling shareholders; may receive up to $6.25 million if warrants are exercised for cash.
Any proceeds from warrant exercises will be used for working capital and general corporate purposes.
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