earnings
confidence high
sentiment neutral
materiality 0.55
Xenetic Biosciences FY2024 net loss $4.0M; cash $6.2M; advancing DNase I to IND
Xenetic Biosciences, Inc.
- Net loss ~$4.0M for FY2024; R&D expenses fell 5.9% to $3.3M from $3.5M YoY.
- Royalty payments from Takeda sublicense ~$2.5M, relatively flat vs. prior year.
- Cash and cash equivalents at year-end ~$6.2M.
- Continuing DNase I development toward IND/Phase 1 for pancreatic carcinoma.
- Entered Clinical Trial Services Agreement with PeriNess for exploratory studies.