LB Pharma Q1 net loss $19.1M; cash $365.6M; Phase 3 schizophrenia trial launched

LB PHARMACEUTICALS INC

2026-Q1 EPS reported -$0.67

Net loss of $19.1M in Q1 2026 vs $5.3M in Q1 2025; R&D expenses rose $11.2M to $14.6M.
Cash, equivalents, and marketable securities totaled $365.6M as of March 31, 2026; runway into Q2 2029.
Initiated pivotal Phase 3 NOVA-2 trial of LB-102 in acute schizophrenia; topline data H2 2027.
Phase 2 ILLUMINATE-1 trial in bipolar depression started Jan 2026; topline expected Q1 2028.
Completed $100M private placement in Feb 2026; Phase 2 in adjunctive MDD planned early 2027.

item 2.02item 9.01

Source: SEC EDGAR

accession 0001193125-26-219529

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