earnings
confidence high
sentiment positive
materiality 0.75
Zura Bio FY 2024 net loss $45.4M ($0.60/sh); cash $176.5M, runway to 2027
Zura Bio Ltd
- Cash and cash equivalents $176.5M as of Dec 31, 2024, up from $99.8M at year-end 2023; sufficient to fund operations through 2027.
- Net loss improved to $45.4M ($0.60 per share) from $69.2M ($2.09 per share) in 2023.
- Initiated Phase 2 TibuSURE trial for tibulizumab in systemic sclerosis (SSc) in Dec 2024; Phase 2 HS trial planned for Q2 2025.
- Completed $112.5M private placement in April 2024; also executed warrant exchange and established ATM program in 2024.
- Robert Lisicki appointed CEO in April 2024; Kiran Nistala joined as CMO in Jan 2024; Scientific Advisory Board established June 2024.