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Connect Biopharma Holdings (CNTB) investor relations material
Connect Biopharma Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Advancing rademikibart, a next-generation antibody for asthma and COPD, with ongoing Phase 2 trials and positive data presented at ERS 2025 showing significant improvement in lung function and asthma control, especially in patients with elevated inflammatory markers.
Recruitment ongoing for Phase 2 Seabreeze STAT studies in acute asthma and COPD, with topline data expected in the first half of 2026.
NDA for rademikibart in atopic dermatitis accepted by China's NMPA; Simcere progressing Phase 3 asthma study.
Terminated ADR program in September 2025, with shares now directly listed on Nasdaq to enhance visibility and investor base.
Cash, cash equivalents, and short-term investments totaled $54.8 million as of September 30, 2025, expected to fund operations into 2027.
Financial highlights
License and collaboration revenue was $16,000 for Q3 2025 and $64,000 for the nine months, down from $1.2 million and $25.3 million in the prior year, reflecting the timing of milestone payments under the Simcere agreement.
Research and development expenses increased to $11.1 million for Q3 2025 and $26.5 million for the nine months, up from $9.0 million and $23.0 million, primarily due to rademikibart development costs and initiation of Phase 2 Seabreeze STAT studies.
General and administrative expenses rose to $6.6 million for Q3 2025 and $16.1 million for the nine months, compared to $6.1 million and $15.1 million, mainly due to higher professional fees.
Net loss was $17.2 million ($0.31 per share) for Q3 2025 and $40.4 million ($0.73 per share) for the nine months, compared to $12.9 million ($0.23 per share) and $6.7 million ($0.12 per share) in the prior year.
Cash and equivalents decreased from $93.7 million at year-end 2024 to $54.8 million at September 30, 2025.
Outlook and guidance
Management expects current cash resources to fund operations into 2027.
Topline data from ongoing Phase 2 acute exacerbation studies in asthma and COPD expected in the first half of 2026.
Eligible to receive up to $110 million in milestone payments and tiered royalties from Simcere for Greater China.
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