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GH Research (GHRS) investor relations material
GH Research Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Full Phase 2b clinical trial dataset for GH001 in treatment-resistant depression (TRD) reported, meeting primary endpoint with significant MADRS reduction at Day 8 (p<0.0001).
Long-term safety and efficacy data from open-label extension showed 73% remission at 6 months, with no serious adverse events or suicidal behavior.
Engagement with FDA on GH001 IND clinical hold ongoing, with only one hold topic remaining.
Global pivotal program for GH001 expected to initiate in 2026.
Financial highlights
Cash, cash equivalents, and marketable securities totaled $293.9 million as of September 30, 2025, up from $182.6 million at December 31, 2024.
Research and development expenses were $10.6 million for Q3 2025, up from $8.4 million in Q3 2024, mainly due to increased technical development and employee expenses.
General and administrative expenses were $6.0 million for Q3 2025, up from $4.2 million in Q3 2024, primarily due to higher professional fees and employee expenses.
Net loss for Q3 2025 was $14.0 million ($0.23 per share), compared to $12.1 million ($0.23 per share) in Q3 2024.
Total comprehensive loss for Q3 2025 was $14.1 million.
Outlook and guidance
Ongoing engagement with FDA to resolve the remaining clinical hold topic for GH001 IND.
Global pivotal program for GH001 in TRD planned to start in 2026.
Next GH Research earnings date
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