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Corbus Pharmaceuticals Holdings (CRBP) investor relations material

Corbus Pharmaceuticals Holdings Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary5 Aug, 2025

Executive summary

  • Focused on clinical-stage oncology and obesity therapeutics, with three main pipeline candidates: CRB-701, CRB-601, and CRB-913.

  • All three clinical programs are on track for data readouts in the second half of 2025.

  • CRB-701 received FDA Fast Track designation for relapsed or refractory metastatic cervical cancer.

  • Advanced clinical programs: CRB-701 Phase 1/2 dose escalation completed, dose optimization and combination studies ongoing; CRB-601 Phase 1 dose escalation underway; CRB-913 Phase 1 SAD/MAD dosing ongoing.

  • No product revenue; operations funded primarily through equity offerings and milestone payments.

Financial highlights

  • Net loss of $17.7 million for Q2 2025, compared to $10.0 million for Q2 2024; net loss of $34.6 million for the six months ended June 30, 2025, versus $16.9 million for the same period in 2024.

  • Operating expenses increased to $19.2 million in Q2 2025 from $11.0 million in Q2 2024, mainly due to higher clinical development costs.

  • Cash, cash equivalents, and investments totaled $116.6 million as of June 30, 2025, expected to fund operations through Q2 2027.

  • Working capital of $109.5 million at June 30, 2025.

  • Net loss per share was $1.44 for Q2 2025 and $2.83 for the six months ended June 30, 2025.

Outlook and guidance

  • Cash and investments expected to fund operations through Q2 2027 based on current plans.

  • Key clinical milestones expected in Q4 2025, including dose expansion data for CRB-701 and dose escalation data for CRB-601.

  • Phase 1b dose-range finding study for CRB-913 in obese non-diabetic individuals planned for Q4 2025.

  • Anticipates continued operating losses as clinical programs progress; additional capital will be required for further development.

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Frequently asked questions

Corbus Pharmaceuticals Holdings Inc. is a biopharmaceutical company that specializes in precision oncology. The company's research and development efforts focus on innovative treatments that target well-understood biological pathways related to cancer. Corbus' pipeline includes CRB-701, a next-generation antibody-drug conjugate (ADC) designed to target the Nectin-4 protein on cancer cells, and CRB-601, an anti-integrin monoclonal antibody that inhibits the activation of TGFβ on cancer cells. These treatments are intended to combat serious illnesses by offering new therapeutic options for patients. The company is headquartered in Norwood, Massachusetts, and its shares are listed on the NASDAQ.

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