earnings
confidence high
sentiment neutral
materiality 0.60
Cabaletta Bio Q4/FY2025 cash $133.6M; myositis BLA on track for 2027; $30M raise
Cabaletta Bio, Inc.
- Q4 R&D expenses $36.2M, FY R&D $142.7M; cash $133.6M as of Dec 31, 2025; raised additional $30M in Q1 2026.
- Registrational DM/ASyS cohort enrolling (17 patients); BLA submission for rese-cel in myositis targeted for 2027.
- No-preconditioning rese-cel data from RESET-SLE expected 1H26 (initial) and 2H26 (durability); PV durability data throughout 2026.
- Automated manufacturing with Cellares: initial clinical data expected 1H26; potential to produce for thousands per year.
- Complete Phase 1/2 data from RESET-SSc, RESET-SLE, RESET-MG to be presented in 1H26; design updates for SSc in 1H26 and MG mid-2026.