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Korro Bio (KRRO) investor relations material
Korro Bio Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Clinical-stage biopharma focused on RNA editing therapies, with lead candidate KRRO-110 in Phase 1/2a for AATD and a pipeline targeting additional indications.
Over 80% of planned healthy volunteers dosed in KRRO-110 trial; no serious adverse events or dose-limiting toxicities observed as of August 12, 2025.
KRRO-110 received orphan drug designation from both FDA and EMA in 2025.
Collaboration with Novo Nordisk progressing, targeting cardiometabolic diseases.
Announced a 19% workforce reduction in May 2025 as part of operational streamlining.
Financial highlights
Cash, cash equivalents, and marketable securities totaled $119.6M as of June 30, 2025, down from $163.1M at December 31, 2024.
Collaboration revenue of $4.0M for the six months ended June 30, 2025, including $1.5M in Q2 2025 from Novo Nordisk; no product sales revenue.
Net loss of $49.2M for the six months ended June 30, 2025, and $25.8M for Q2 2025.
R&D expenses rose to $40.8M for H1 2025 and $21.0M for Q2 2025, mainly due to increased clinical trial activity and personnel costs.
G&A expenses were $15.5M for H1 2025 and $7.6M for Q2 2025, up year-over-year.
Outlook and guidance
Cash runway expected to fund operations and capital expenditures into 2027, including completion of the KRRO-110 Phase 1/2a trial.
Interim data from the KRRO-110 trial expected in H2 2025; full trial completion anticipated in 2026.
Plans to announce a development candidate for the rare metabolic disorder program by year-end 2025.
Ongoing evaluation of additional funding options, including equity, debt, and collaborations.
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