-
OnKure Q1 loss $15.2M; cash $192M; nominates two new PI3Kα inhibitors; halting OKI-219
Net loss of $15.2M ($1.11 per share) for Q1 2026 vs $15.9M ($1.19 per share) in Q1 2025.
-
OnKure raises $150M in PIPE; plans IND filings for PI3Kα pan-mutant inhibitors in H1 2027
Private placement of ~26.7M shares at $4.15 and ~9.4M pre-funded warrants; gross proceeds ~$150M.
-
OnKure Therapeutics Q4 2025 net loss narrows to $13.5M; expects March data readouts
Net loss of $13.5M ($0.99/sh) for Q4 2025 vs $17.4M ($1.37/sh) in Q4 2024; expenses decreased.
-
OnKure Q3 net loss $14.7M; cash $70.3M; initial data from PI3K trial pushed to Q1 2026
Cash $70.3M as of Sept 30, 2025; expected to fund operations into Q4 2026.
-
OnKure enters ATM offering agreement with Leerink Partners; up to 3% fee
Sales agreement with Leerink Partners for at-the-market offering of Class A common stock.
-
OnKure reports Q2 net loss $15.4M; OKI-219 trial data expected Q4 2025
Cash $83.4M as of June 30, 2025; runway expected into Q4 2026.
-
OnKure Q4 2024 net loss $17.4M; cash $110.8M; PIKture-01 data in H2 2025
Net loss Q4 2024 $17.4M ($1.37/share) vs $9.5M ($30.14/share) in Q4 2023; R&D expense rose $5.6M.
-
OKI-219 well-tolerated in first human trial; no hyperglycemia, Part 1b combo initiated
17 patients dosed across 300–900 mg BID; no dose interruptions, reductions, or discontinuations.
-
Legacy OnKure posts $35.2M net loss in 9mo; auditor switched to KPMG post-merger
Net loss of $35.2M for nine months ended Sep 30, 2024, vs $25.9M in prior year.
-
OnKure completes reverse merger with Reneo; trades as OKUR with $65M PIPE
Reneo acquired OnKure in reverse merger; each OnKure common share exchanged for 0.023596 Class A shares.
-
Reneo stockholders approve all proposals for OnKure merger at special meeting
Proposal 1 (stock issuance for merger) approved: 21.87M for, 110.6K against.
-
Reneo faces two shareholder lawsuits over OnKure merger proxy; provides supplemental disclosures
Two complaints filed in NY Supreme Court allege misrepresentations/omissions in proxy regarding financial projections and advisor conflicts.
-
Reneo Pharma terminates CDO Ashley Hall amid planned merger with OnKure
Ashley F. Hall, Chief Development Officer, terminated effective Sept 13, 2024.
-
Reneo Pharma Q2 net loss $5.4M; merger with OnKure on track for H2 2024
Net loss of $5.4M ($0.16 per share) vs $19.5M ($0.65) in Q2 2023; cash $76.7M at June 30.
-
Reneo Pharma to merge with OnKure in reverse merger; OnKure stockholders to own 69.4% of combined company
OnKure stockholders expected to own ~69.4% of combined entity; Reneo holders ~30.6% on fully-diluted basis.
-
Reneo Pharmaceuticals initiates strategic alternatives review after failed trial; Q1 net loss $8.4M
STRIDE study of mavodelpar in primary mitochondrial myopathies missed all endpoints in Dec 2023.
-
Reneo's pivotal STRIDE study misses endpoints; company cuts 90% workforce, explores strategic alternatives
STRIDE trial of mavodelpar in primary mitochondrial myopathy failed primary and secondary efficacy endpoints.
-
Reneo Pharma to cut ~20% workforce, expects $1.7M severance charges in Q1 2024
Second workforce reduction of approximately 20% to be completed by February 29, 2024.
-
Reneo's mavodelpar fails Phase 3 STRIDE study; cuts workforce 70%
Pivotal STRIDE trial of mavodelpar in primary mitochondrial myopathies missed primary endpoint (12MWT at week 24) and key secondary.
-
Reneo Q3 net loss $19.2M; STRIDE topline results expected December 2023
Net loss of $19.2M ($0.57/sh) vs $13.0M ($0.53/sh) in Q3 2022; R&D expense up to $13.6M.
-
Reneo Pharma announces last patient last visit in pivotal STRIDE study; topline data expected Dec 2023
Last patient last visit completed in STRIDE study of mavodelpar for primary mitochondrial myopathies; topline data expected December 2023.
-
Reneo Q2 net loss $19.5M; STRIDE topline results expected Q4 2023
Net loss $19.5M ($0.65/share) vs $12.3M ($0.50) in Q2 2022.
-
Reneo Pharma Q1 net loss $15.1M; STRIDE enrollment complete, topline 4Q23
Net loss of $15.1M ($0.60/sh) vs $13.0M ($0.53) in Q1 2022.
-
Reneo Pharmaceuticals prices public offering of 6.875M shares at $8.00, expects net proceeds ~$58.2M
Public offering of 6.875M shares at $8.00/share; underwriters exercised overallotment for 1.031M additional shares in full.
-
Reneo Pharma reports $93.8M cash; enters non-binding term sheet for up to $100M royalty financing
Preliminary cash, cash equivalents and short-term investments of $93.8M as of March 31, 2023.
-
Reneo reports Q4 2022 net loss $13.6M; STRIDE study enrollment complete
Full-year 2022 net loss $52.0M ($2.12 per share) vs $39.8M loss in 2021.
-
Reneo achieves target enrollment in Phase 2b STRIDE trial of mavodelpar; topline Q4 2023
Target enrollment reached in global STRIDE study for mavodelpar in adult PMM patients.
-
Reneo reports Q3 net loss $13.0M, >80% enrolled in pivotal STRIDE study
Net loss of $13.0M ($0.53 per share) vs $12.7M ($0.52) in Q3 2021.
-
Reneo Q2 net loss $12.3M; positive LC-FAOD results; STRIDE enrollment two-thirds
Net loss $12.3M ($0.50/share) vs $9.2M ($0.43/share) in Q2 2021.
-
Reneo Pharma reports Q4 net loss $10.6M; cash $147.7M; no Phase 2 for McArdle
Net loss for Q4 2021 was $10.6M ($0.43 per share) vs $6.3M in Q4 2020; full year net loss $39.8M.
-
Reneo appoints Michael P. Cruse as COO and Jennifer P. Lam as principal financial officer
Michael P. Cruse appointed COO effective March 2, 2022; base salary increased to $400K (from $350K) and bonus target to 40%.
-
Reneo Pharmaceuticals CFO Vineet R. Jindal resigns, effective March 31, 2022
CFO Vineet R. Jindal notified resignation on Jan 28, 2022; effective March 31, 2022.
-
Reneo Pharma Q3 2021 net loss $12.7M; cash $157.7M; trial progress
Net loss of $12.7M ($0.52/share) vs $5.1M ($2.48/share) in Q3 2020.