earnings
confidence high
sentiment neutral
materiality 0.50
Xenetic Biosciences reports FY2024 net loss of ~$4.0M, cash $6.2M, advances DNase program
Xenetic Biosciences, Inc.
- Net loss for FY2024 ~$4.0M; R&D expenses $3.3M (down 5.9% YoY), G&A $3.4M (down 4.1%).
- Royalty payments from Takeda sublicense ~$2.5M, flat YoY; cash balance $6.2M at year-end.
- Entered Clinical Trial Services Agreement with PeriNess for DNase I studies in pancreatic, colorectal, and solid tumors.
- Extended collaborations with University of Virginia and Scripps Research through 2025.
- Progressing DNase I development program toward IND and first-in-human study for pancreatic carcinoma.