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Replimune(REPL) - 2025 Q3 - Quarterly Results
REPLReplimune(REPL)2025-02-12 13:06

Regulatory Approvals - The FDA accepted the Biologics License Application (BLA) for RP1 plus nivolumab in advanced melanoma with a PDUFA date of July 22, 2025[1]. Financial Performance - Cash, cash equivalents, and short-term investments as of December 31, 2024, were 536.5million,upfrom536.5 million, up from 420.7 million as of March 31, 2024[11]. - Research and development expenses for the fiscal third quarter ended December 31, 2024, were 48.0million,comparedto48.0 million, compared to 42.8 million for the same period in 2023, reflecting a 5.4% increase[11]. - Selling, general and administrative expenses for the fiscal third quarter ended December 31, 2024, were 18.0million,upfrom18.0 million, up from 13.7 million in the prior year, representing a 31.3% increase[11]. - The net loss for the fiscal third quarter ended December 31, 2024, was 66.3million,comparedtoanetlossof66.3 million, compared to a net loss of 51.1 million for the same period in 2023, indicating a 29.6% increase in losses[11]. - The total operating expenses for the fiscal third quarter ended December 31, 2024, were 66.0million,comparedto66.0 million, compared to 56.5 million for the same period in 2023, reflecting a 16.1% increase[11]. - The company completed a public offering raising approximately $156.0 million net of issuance costs to fund the continued development of its RPx platform[11]. - The company believes existing cash will fund operations into the fourth quarter of 2026, excluding any potential revenue[8]. Clinical Trials - The company enrolled the first patient in a registration-directed study of RP2 in metastatic uveal melanoma, targeting approximately 280 patients[4]. - The company also enrolled the first patient in a Phase 2 clinical trial of RP2 combined with atezolizumab and bevacizumab in hepatocellular carcinoma, with a total enrollment of 30 patients[5].