other material
confidence high
sentiment positive
materiality 0.80
Cogent Biosciences reports Q3 net loss $80.9M; cash $390.9M; PEAK, APEX readouts in Nov/Dec 2025
Cogent Biosciences, Inc.
- Cash, cash equivalents and marketable securities at $390.9M; pro forma cash $430M expected to fund into 2027.
- Net loss of $80.9M (Q3 2025) vs $70.6M (Q3 2024); R&D expenses $69.0M.
- Phase 3 PEAK (GIST) top-line results expected Nov 2025; APEX (AdvSM) in Dec 2025.
- NDA filing for NonAdvSM on track for year-end 2025; Breakthrough Therapy Designation granted for bezuclastinib.
- Raised $215.8M net from public offering and $39M from ATM since July 2025.