earnings
confidence high
sentiment neutral
materiality 0.65
CAMP4 FY2025 net loss $80.4M; cash runway into 2028, GSK deal, SYNGAP1 progress
Camp4 Therapeutics Corp
- Net loss of $80.4M in FY2025 vs $51.8M in FY2024, driven by $29.8M non-cash loss on derivative tranche liability.
- Cash and equivalents $109.5M (Dec 31, 2025), up from $64.0M; cash runway extended into 2028.
- GSK collaboration: $17.5M upfront, up to $440M in milestones plus tiered royalties for ASO candidates in neurodegenerative and kidney diseases.
- GLP tox studies for CMP-002 ongoing; global Phase 1/2 trial in SYNGAP1 patients expected as early as H2 2026.
- Paused development of CMP-001 and exploring partnership opportunities for that program.