MREO
Mereo BioPharma Group plc2.1000
-0.0900-4.11%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
334.18MP/E (TTM)
-Basic EPS (TTM)
-0.25Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q2 FY2025 results
Mereo BioPharma notched its first revenue of $0.5 million in Q2 2025 from a ReproNovo licensing milestone, up from zero a year ago, while operating expenses dipped to $10.5 million from $12.8 million y/y, yielding a narrower operating loss. Net loss widened to $14.6 million from $12.3 million, driven by a $5.3 million foreign currency hit that outpaced the $0.7 million R&D tax credit benefit. Cash burned $16.0 million in H1, leaving $56.1 million at quarter-end, sufficient for at least a year; free cash flow not disclosed in the 10-Q. Convertible notes converted fully in February. Setrusumab advances steadily. Clinical trial delays pose risks.
8-K
Q2 loss widens; setrusumab data nears
Mereo BioPharma reported Q2 2025 net loss of $14.6 million, up from $12.3 million last year, driven by higher R&D costs for setrusumab offset by lower G&A expenses and a $0.5 million milestone revenue. Cash stood at $56.1 million as of June 30, funding operations into 2027. Phase 3 studies for setrusumab in osteogenesis imperfecta advance to final analyses by year-end, showing acceptable safety. Partnering talks for alvelestat continue amid Phase 3 preparations. Clinical risks persist.
8-K
Orbit study advances to final analysis
Mereo BioPharma and Ultragenyx announced on July 9, 2025, that the Phase 3 Orbit study of UX143 (setrusumab) for osteogenesis imperfecta in pediatric and young adult patients is advancing to final analysis by year-end, as planned. The Data Monitoring Committee confirmed an acceptable safety profile, greenlighting continuation despite no interim Cosmic study review. Safety holds steady in this younger group. Final readouts follow 18 months of dosing.
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