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Hepion Pharmaceuticals (HEPA) investor relations material
Hepion Pharmaceuticals Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Transitioned from drug development to medical diagnostics, winding down clinical trials and closing the ASCEND-NASH study in August 2024 due to funding constraints.
Entered a license agreement in May 2025 for diagnostic tests with CE marks, targeting EU and select markets, but not the US.
Attempted merger with Pharma Two B Ltd. was terminated in December 2024 after Nasdaq declined to exclude historical losses from burn rate calculations.
Delisted from Nasdaq in May 2025 and transitioned to OTCQB Venture Market in June 2025.
Financial highlights
Net loss for Q2 2025 was $1.0 million, a significant improvement from $3.9 million in Q2 2024.
Net loss for the six months ended June 30, 2025 was $7.1 million, compared to $6.8 million in the prior year period.
Research and development expenses dropped to $0.4 million in Q2 2025 from $7.1 million in Q2 2024, reflecting the end of clinical trials.
General and administrative expenses decreased to $0.9 million in Q2 2025 from $1.4 million in Q2 2024.
Asset impairment loss of $0.4 million recorded in Q2 2025 due to impairment of newly acquired diagnostic assets.
Outlook and guidance
No products approved for sale in the US; three diagnostic products eligible for sale in the EU, but timing and revenue generation remain uncertain.
Management expects continued significant losses and will require additional capital to fund operations.
Substantial doubt exists about the ability to continue as a going concern without new financing.
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