earnings
confidence high
sentiment positive
materiality 0.60
Foghorn Therapeutics reports 2025 net loss $74.3M, cash runway into H1 2028; pipeline advances
Foghorn Therapeutics Inc.
- Net loss improved to $74.3M in 2025 from $86.6M in 2024; collaboration revenue rose to $30.9M.
- Cash, equivalents, and marketable securities $158.9M at Dec 31, 2025; extended runway into H1 2028 after $50M Jan 2026 financing.
- Ryan Maynard appointed CFO in Feb 2026, bringing over 25 years of biopharma finance experience.
- Lead candidate FHD-909 Phase 1 dose-escalation on track; collaboration with Lilly advancing.
- Selective CBP and EP300 degrader programs on track for IND-enabling studies in 2026.