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MAIA Biotechnology (MAIA) investor relations material
MAIA Biotechnology Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Clinical-stage biopharma focused on immunotherapies for cancer, with lead asset ateganosine (THIO) in Phase 2/3 trials for NSCLC and other cancers.
Key milestones include positive Phase 2 data, FDA Fast Track designation, and expansion into new geographies and indications.
Entered clinical supply agreements with Regeneron, BeOne, and Roche for combination trials.
Financial highlights
Net loss for Q3 2025 was $8.9M, up 225% year-over-year; nine-month net loss was $18.8M, a 5% improvement from prior year.
Operating expenses for Q3 2025 rose 123% to $9.4M, driven by R&D and G&A increases.
Cash balance as of September 30, 2025 was $10.9M, with working capital of $1.76M.
No revenue generated; company remains pre-commercial.
Outlook and guidance
Plans to initiate Phase 3 pivotal trial (THIO-104) in 2025 for NSCLC, with potential accelerated approval in 2026.
Phase 2 trials in HCC, CRC, and SCLC planned for 2026.
Ongoing need to raise additional capital to fund operations and clinical development.
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