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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.
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Q2 2025 earnings summary12 Aug, 2025

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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Frequently asked questions

Korro Bio Inc. is a biopharmaceutical company engaged in the field of RNA editing to develop new genetic medicines. The company's innovative approach, leveraging the Oligonucleotide Promoted Editing of RNA (OPERA) platform, aims to harness natural processes for making transient, reversible changes to genetic instructions. This technology seeks to offer potential treatments for patients with rare and highly prevalent diseases by overcoming the complexities of earlier gene-editing methods. The company is headquartered in Cambridge, Massachusetts, and its shares are listed on the Nasdaq.

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