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BerGenBio (BGBIO) investor relations material
BerGenBio Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary20 Aug, 2025
Executive summary
H1 2025 marked a pivotal period with the discontinuation of the BGBC016 trial and a strategic review leading to a merger agreement with Oncoinvent ASA, approved post-period and expected to complete by September 2025.
A fully underwritten NOK 130 million rights issue was approved, open to all shareholders, to fund the combined company post-merger.
All BerGenBio employees have been given notice of termination, and all projects except BGBIL025 (to be transferred to UTSA) are being closed.
Financial highlights
Revenue for H1 2025 was NOK 4.7 million, up from NOK 0.2 million in H1 2024, mainly from resale of unused stock.
Operating expenses decreased to NOK 59.3 million from NOK 90.7 million year-over-year, reflecting cost containment and project closures.
Operating loss narrowed to NOK 54.6 million from NOK 90.5 million in H1 2024.
Net loss after tax was NOK 54.1 million, compared to NOK 85.8 million in H1 2024.
Cash and cash equivalents at period end were NOK 65.9 million, down from NOK 140.2 million at FY 2024.
Outlook and guidance
The combined company post-merger is expected to be funded into 2027 to advance Oncoinvent's oncology pipeline.
Oncoinvent's pipeline focus?
H1 2025 operating revenue source?
Combined company funding horizon?
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Frequently asked questions
BerGenBio ASA is a clinical-stage biopharmaceutical company based in Bergen, Norway, focused on developing innovative therapies for aggressive diseases such as cancer and severe respiratory infections. The company specializes in AXL kinase inhibitors, with its lead product, Bemcentinib, currently undergoing clinical trials for non-small cell lung cancer (NSCLC) and severe respiratory conditions. Another key asset, Tilvestamab, is a monoclonal antibody targeting AXL, being investigated for the treatment of ovarian cancer. BerGenBio is leveraging its expertise in AXL biology to create treatments that can potentially improve outcomes in diseases characterized by drug resistance and immune evasion. The company's strategy includes partnerships with clinical sites and biopharma firms to advance its drug pipeline. The company is headquartered in Bergen, Norway, and its shares are traded on the Oslo Stock Exchange.
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