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Tectonic completes enrollment in Phase 2 TX45 trial for PH-HFpEF; topline data expected early Q1 2027
APEX trial enrolled 191 patients across 14 countries; 72% (137 pts) in enriched CpcPH subset (PVR > 3 WU).
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Tectonic Therapeutic Q1 net loss $25.2M; TX45 APEX Phase 2 enrollment near complete
Net loss $25.2M in Q1 2026 vs. $15.9M in Q1 2025; R&D expense $20.9M (up $7.9M YoY).
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Tectonic Q4 net loss $19.2M; TX45 Phase 1b positive, TX2100 Phase 1a started
Q4 net loss $19.2M (vs $12.4M YoY); R&D expenses $16.3M on advancing pipeline.
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Tectonic Q3 net loss $19M; positive TX45 Phase 1b data in PH-HFrEF
Net loss of $19.0M in Q3 2025 vs $17.7M in Q3 2024; R&D expenses $16.9M.
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Tectonic Therapeutic reports positive Phase 1b Part B data for TX45 in PH-HFrEF
Single dose of TX45 improved left heart function and pulmonary hemodynamics: PCWP -29.2%, CO +17.3%, mPAP -19.3%, TPR -29.2% mean change.
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Tectonic Therapeutic Q2 net loss $20M; cash $287.4M; TX45 PH-ILD Phase 2 planned 2026
Net loss of $20.0M in Q2 2025 vs $12.7M in Q2 2024; R&D expenses rose to $17.2M from $7.1M.
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Tectonic TX45 Phase 1b in PH-HFpEF shows 19% PCWP reduction, sustained 29-day effects
Single IV dose of TX45 reduced PCWP by 19.0% [95% CI, -26.1% to -11.9%] in 19-patient cohort.
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Tectonic Q1 net loss $15.9M; cash $306M; TX45 Phase 1b shows PCWP reduction 17.9%
Net loss of $15.9M for Q1 2025 vs $15.2M in Q1 2024; R&D expenses $13.0M, G&A $5.3M.
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Tectonic reports Q4 2024 net loss $12.4M; positive TX45 Phase 1b interim results
TX45 Phase 1b Part A reduced PCWP by 17.9% in PH-HFpEF and PVR >30% in CpcPH subgroup.
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Tectonic raises $185M via PIPE of 3.69M shares to fund clinical pipeline
Gross proceeds ~$185M; 3,689,465 shares at $50.00 (fund investors) and $54.14 (officer/directors).
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TX45 Phase 1b data show 17.9% PCWP reduction in PH-HFpEF; >30% PVR cut in CpcPH subgroup
TX45 achieved 17.9% reduction in PCWP (overall population) and >30% reduction in PVR in CpcPH patients.
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Tectonic Therapeutic Q3 net loss $17.7M; TX45 Phase 1b enrollment ahead; new HHT candidate TX2100
Net loss of $17.7M for Q3 2024 vs $10.1M a year ago; R&D spend $14.3M (up from $8.1M) on TX45 trials.
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Tectonic reports positive Phase 1a data for TX45; Phase 2 doses selected, Phase 1b dose escalated
Phase 1a: TX45 well-tolerated, no immunogenicity, robust PK/PD; Phase 2 doses set at 300 mg SC monthly or every other week.
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Tectonic reports Q2 net loss $12.7M; cash $185.1M; TX45 Phase 2 trial open
Net loss of $12.7M for Q2 2024 vs $10.5M in Q2 2023; R&D expenses $7.1M.
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Tectonic Therapeutic receives FDA IND clearance for lead program TX45 in PH-HFpEF
FDA cleared IND for TX45 (Fc-relaxin fusion) for Group 2 PH due to HFpEF, a condition with no approved therapy affecting >600K US patients.
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Tectonic Therapeutics details TX45 Phase 2 trial design for Group 2 PH-HFpEF
Phase 2 randomized, placebo-controlled, double-blind trial to start H2 2024 globally (US, Europe, Eastern Europe, Australia).
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Tectonic Therapeutic completes merger with AVROBIO, begins trading as TECX
Merger completed on June 20, 2024; AVROBIO merged into Tectonic, which survived as a wholly owned subsidiary.
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AVROBIO merger with Tectonic delayed to June 20; 1-for-12 reverse split effective June 20; new ticker TECX
Merger closing postponed from June 18 to around June 20, 2024.
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AVROBIO approves 1-for-12 reverse stock split; merger with Tectonic to close June 18
Reverse stock split at 1-for-12 ratio effective 4:00 pm ET on June 18, 2024.
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AVROBIO stockholders approve all proposals for merger with Tectonic Therapeutic
Stock issuance and change-of-control proposal passed: 30,233,557 For, 1,899,576 Against.
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AVROBIO voluntarily supplements merger disclosures as three shareholder suits challenge deal
Three shareholder lawsuits filed in NY state and federal court allege Registration Statement omissions; seek to enjoin merger.
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AVROBIO to merge with Tectonic in all-stock deal; $130.7M private financing; combined company targets GPCRs
Pre-merger AVRO holders expected to own ~22.3%; Tectonic holders ~40.2%; financing investors ~37.5% of combined firm.
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AVROBIO enters into definitive merger with Tectonic Therapeutic
AVRO (AVRO) signs merger agreement with Tectonic; Merger Sub will merge into Tectonic, making it a wholly-owned subsidiary.
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AVROBIO halts gene therapy programs, cuts 50% workforce, explores strategic alternatives
Board approved halting all program development; workforce reduction of ~50% expected by end of July 2023.
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AVROBIO completes $87.5M sale of cystinosis gene therapy program to Novartis; cash runway extended to Q4 2024
Sale closed June 9, 2023 for $87.5M cash; proceeds expected to extend cash runway into Q4 2024.
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AVROBIO sells cystinosis gene therapy program to Novartis for $87.5M cash
Sale of AVR-RD-04 to Novartis for $87.5M cash at closing; proceeds to extend cash runway into Q4 2024.
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AVROBIO reports positive Phase 1/2 gene therapy data for cystinosis; all patients off oral cysteamine up to 36 months
All six patients remain off oral cysteamine up to 36 months post gene therapy.
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AVROBIO Q1 net loss $25.0M, cash $72.3M; appoints interim CEO; GD3 trial on track
Net loss of $25.0M for Q1 2023 vs $29.8M in Q1 2022; R&D expenses $17.3M, G&A $7.9M.
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AVROBIO CEO Geoff MacKay resigns; CFO Erik Ostrowski named interim CEO
CEO Geoff MacKay resigns effective May 1, 2023, to join an early-stage company; no disagreement with the company.
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AVROBIO reports Q4 net loss $25.0M, full-year 2022 loss $105.9M; cash $92.6M
Net loss of $25.0M in Q4 2022 vs $28.2M in Q4 2021; full year loss $105.9M vs $119.1M.