Amneal Receives U.S. FDA Approval for Iohexol Injection

Amneal Receives U.S. FDA Approval for Iohexol Injection




Amneal Receives U.S. FDA Approval for Iohexol Injection

First-to-market complex injectable with expected launch in Q1 2026

BRIDGEWATER, N.J., Nov. 13, 2025 (GLOBE NEWSWIRE) — Amneal Pharmaceuticals, Inc. (“Amneal” or the “Company”) (Nasdaq: AMRX) today announced the U.S. Food and Drug Administration (FDA) has approved the Company’s iohexol injection (300 mg Iodine/mL), the first generic version of GE Healthcare’s Omnipaque® (iohexol) injection. Amneal expects to launch the product in the first quarter of 2026.

Iohexol is a radiographic contrast agent indicated for intrathecal, intra-arterial, intravenous, oral, rectal, intraarticular, and body cavity imaging procedures in adults and pediatric patients two weeks of age and older.

“We are very proud to introduce the first-to-market generic version of this critical and widely used injectable contrast agent for patients and healthcare providers,” said Arash Dabestani, Pharm.D., Senior Vice President, Institutional. “This approval reinforces Amneal’s growing leadership in differentiated, complex injectables and our ongoing commitment to improving access to high-quality, affordable medicines.”

According to IQVIA® U.S. annual sales for iohexol injection for the 12 months ended September 2025 were approximately $652 million.

Important Safety Information
Boxed Warning: Serious adverse reactions, including risk of death, convulsions, seizures, cerebral hemorrhage, coma, paralysis, arachnoiditis, acute renal failure, cardiac arrest, rhabdomyolysis, hyperthermia, and brain edema, have been associated with Intrathecal administration of iohexol of a wrong iodine concentration.

The most commonly reported adverse reactions based on route of administration are:
•        Intrathecal: Headache, nausea, back/neck pain, dizziness
•        Intra-arterial / venous: Chest pain, arrhythmias, blurred vision, photomas, altered taste
•        Oral: Nausea, vomiting, diarrhea, abdominal discomfort
•        Body Cavity: Local pain, swelling, heat sensation

For full prescribing information, see package insert here.

Note: OMNIPAQUE is a registered trademark of GE HealthCare or one of its subsidiaries.

About Amneal
Amneal Pharmaceuticals, Inc. (Nasdaq: AMRX), headquartered in Bridgewater, NJ, is a global biopharmaceutical company. We make healthy possible through the development, manufacturing, and distribution of a diverse portfolio of over 290 pharmaceuticals, primarily within the United States. In its Affordable Medicines segment, the Company is expanding across a broad range of complex product categories and therapeutic areas, including injectables and biosimilars. In its Specialty segment, Amneal has a growing portfolio of branded pharmaceuticals focused primarily on central nervous system and endocrine disorders. Through its AvKARE segment, the Company is a distributor of pharmaceuticals and other products for the U.S. federal government, retail, and institutional markets. For more information, please visit www.amneal.com and follow us on LinkedIn.

Cautionary Statement on Forward-Looking Statements
Certain statements contained herein, regarding matters that are not historical facts, may be forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). Such forward-looking statements include statements regarding management’s intentions, plans, beliefs, expectations, financial results, or forecasts for the future, including among other things: discussions of future operations; expected or estimated operating results and financial performance; and statements regarding our positioning, including our ability to drive sustainable long-term growth, and other non-historical statements. Words such as “plans,” “expects,” “will,” “anticipates,” “estimates,” and similar words, or the negatives thereof, are intended to identify estimates and forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports on Forms 10-Q and 8-K. Forward-looking statements included herein speak only as of the date hereof and we undertake no obligation to revise or update such statements to reflect the occurrence of events or circumstances after the date hereof.

Investor Contact
Anthony DiMeo
VP, Investor Relations
anthony.dimeo@amneal.com

Media Contact
Brandon Skop
Sr. Director, Corporate Communications
brandon.skop@amneal.com

Fennec Pharmaceuticals Reports Third Quarter 2025 Financial Results and Provides Business Update

Fennec Pharmaceuticals Reports Third Quarter 2025 Financial Results and Provides Business Update




Fennec Pharmaceuticals Reports Third Quarter 2025 Financial Results and Provides Business Update

~ Q3 2025 Total Net Product Sales of $12.5 Million, 79% Year Over Year Growth ~ 

~ Q3 2025 Positive Cash Flow from Operations, Cash Position Grew to $22 Million ~

~ Japan Clinical Trial (STS-J01) Preliminary Results Expected in Q4 2025 ~

RESEARCH TRIANGLE PARK, N.C., Nov. 13, 2025 (GLOBE NEWSWIRE) — Fennec Pharmaceuticals Inc. (NASDAQ:FENC; TSX: FRX), a specialty pharmaceutical company, today reported its financial results for the third quarter ended September 30, 2025 and provided a business update.

“Today marks an inflection point for Fennec as we delivered the strongest quarter in our history. Record net product sales, four consecutive quarters of double-digit growth, and our first profitable quarter from operations, clearly demonstrate that our strategy is working,” said Jeff Hackman, chief executive officer of Fennec Pharmaceuticals. “What began as a rebuild in the first half of 2025 is now translating into tangible performance. The actions we took to strengthen our commercial organization, drive broader adoption, and reinforce our balance sheet are firmly taking hold. With continued discipline in executing against our strategic priorities, we believe we are well positioned to sustain the growth trajectory of PEDMARK®.”

Business Highlights:

  • Continued Growth Within Key PEDMARK® Accounts: Last quarter, Fennec announced that one of the largest oncology provider networks added PEDMARK® to its formulary. Since then, adoption has accelerated across numerous accounts within the network, including multiple Adolescent and Young Adult (AYA) patients across several tumor types receiving PEDMARK®. This adoption reflects growing confidence in PEDMARK®’s clinical value and reinforces its potential to help reshape the standard of care for patients receiving cisplatin-based treatment.
  • Clinical Data Generation: Robust engagement with key opinion leaders underscores strong external validation of PEDMARK® and its potential in broader oncology care. Multiple investigator-initiated studies have already been submitted to Fennec and are currently under review, with several others in advanced contracting or evaluation stages. These collaborations are expected to further strengthen our clinical and commercial foundation, with additional details to be shared as they materialize.
  • STS-J01 in Japan: In Japan, preliminary results from the investigator-initiated clinical trial (STS-J01) evaluating PEDMARK® are expected in the fourth quarter of 2025. If the data are positive, the Company will pursue registration in Japan and will also explore partnering or licensing opportunities for PEDMARK®.

Upcoming Events:

  • 16th Annual Craig-Hallum Alpha Select Conference: The management team will host one-on-one investor meetings at the 16th Annual Craig-Hallum Alpha Select Conference, which will be held on Tuesday, November 18, 2025 at the Sheraton New York Times Square Hotel in New York City.

Financial Results for the Third Quarter 2025 Fiscal Year Ended September 30, 2025

  • Net Product Sales – For the third quarter of 2025, the Company recorded net product sales of approximately $12.5 million compared to $7.0 million in the third quarter of 2024, the highest quarterly net product sales in Fennec’s history. In the first nine months of 2025, net product sales surpassed total net product sales for full year of 2024. The increase in net product sales is attributable to growth across both new and existing accounts with notable success in adherence of PEDMARK® patients.
  • Selling and Marketing Expenses – The Company recorded $5.2 million in selling and marketing expenses in the third quarter of 2025 compared to $4.4 million in the second quarter of 2025 and $4.6 million in the third quarter of 2024.
  • General and Administrative (G&A) Expenses – The Company recorded $6.8 million in G&A expenses in the third quarter of 2025 compared to $7.0 million in the second quarter of 2025 and $6.1 million in the third quarter of 2024.
  • Cash Position – Cash and cash equivalents were $21.9 million as of September 30, 2025 compared to $18.7 million as of June 30, 2025.

Financial Update

The selected financial data presented below is derived from our unaudited condensed consolidated financial statements, which were prepared in accordance with U.S. generally accepted accounting principles. The complete unaudited condensed consolidated financial statements for the period ended September 30, 2025, and management’s discussion and analysis of financial condition and results of operations will be available via www.sec.gov and www.sedar.com. All values are presented in thousands unless otherwise noted.

             
    Three Months Ended
    September 30,   September 30,
    2025   2024
             
Revenue            
PEDMARK product sales, net   $ 12,462     $ 6,974  
Total revenue     12,462       6,974  
             
Operating expenses:            
Cost of product sales     660       1,357  
Research and development     29       97  
Selling and marketing     5,210       4,601  
General and administrative     6,752       6,121  
             
Total operating expenses     12,651       12,176  
(Loss) from operations     (189 )     (5,202 )
             
Other (expense)/income            
Unrealized foreign exchange (loss)/gain     (3 )      
Amortization expense     (12 )     (21 )
Unrealized loss on securities           (3 )
Interest income     152       516  
Interest expense     (586 )     (1,025 )
Total other expense     (449 )     (533 )
             
Net (loss)   $ (638 )   $ (5,735 )
             
Basic net (loss) per common share   $ (0.02 )   $ (0.21 )
Diluted net (loss) per common share   $ (0.02 )   $ (0.21 )
Weighted-average number of common shares outstanding basic     27,889       27,371  
Weighted-average number of common shares outstanding diluted     27,889       27,371  

    September 30,   December 31,
    2025   2024
             
Assets            
             
Current assets            
Cash and cash equivalents   $ 21,947     $ 26,634  
Accounts receivable, net     19,343       12,884  
Prepaid expenses     1,399       3,080  
Inventory     2,477       1,060  
Other current assets     898       466  
Total current assets     46,064       44,124  
             
Non-current assets     3,197       822  
Total assets   $ 49,261     $ 44,946  
             
Liabilities and stockholders’ deficit            
             
Current liabilities:            
Accounts payable   $ 5,866     $ 3,241  
Accrued liabilities     3,701       3,428  
Contract liability-current     248       248  
Operating lease liability – current           2  
Total current liabilities     9,815       6,919  
             
Long-term liabilities            
Term loan     18,206       18,206  
PIK interest     1,271       1,271  
Debt discount     (100 )     (139 )
Contract liability – long-term     24,561       24,561  
Total long-term liabilities     43,938       43,899  
Total liabilities     53,753       50,818  
             
Commitments and contingencies            
             
Stockholders’ deficit:            
Common stock, no par value; unlimited shares authorized; 27,733 shares issued and outstanding (2024 ‑27,527)     147,652       145,608  
Additional paid-in capital     71,249       66,958  
Accumulated deficit     (224,636 )     (219,681 )
Accumulated other comprehensive income     1,243       1,243  
Total stockholders’ deficit     (4,492 )     (5,872 )
Total liabilities and stockholders’ deficit   $ 49,261     $ 44,946  
                 

About Cisplatin-Induced Ototoxicity
Cisplatin and other platinum-based chemotherapies are widely used to treat solid tumors and have been vital in improving survival rates. Unfortunately, these life-saving treatments often result in permanent, irreversible hearing loss, also known as ototoxicity.1

Hearing loss from cisplatin treatment is not rare. Studies show that between 60-90% of patients treated with cisplatin may develop hearing loss, depending upon the dose and duration of chemotherapy.2 Many of those treated with cisplatin will require lifelong hearing aids or cochlear implants, which can be helpful for some, but do not reverse the hearing loss and can be costly over time.3 Treatment-induced hearing loss can reduce quality of survivorship as it impacts many aspects of life, such as speech and language skills, academic performance, social-emotional development, career potential and the ability to live independently.4,5 While audiologic monitoring is recommended to help manage ototoxicity, it is currently underutilized in certain cancer patient populations.

PEDMARK® (sodium thiosulfate injection)

PEDMARK® is the first and only U.S. Food and Drug Administration (FDA) approved therapy indicated to reduce the risk of ototoxicity associated with cisplatin treatment in pediatric patients 1 month of age and older with localized, non-metastatic, solid tumors. It is a unique formulation of sodium thiosulfate in single-dose, ready-to-use vials for intravenous use in pediatric patients. PEDMARK® is also the first and only therapeutic agent with proven efficacy and safety data with an established dosing regimen, across two open-label, randomized Phase 3 clinical studies, the Children’s Oncology Group (COG) Protocol ACCL0431 and SIOPEL 6.

Additionally, PEDMARK® is recommended for the adolescent and young adult (AYA) population by the National Comprehensive Cancer Network, or NCCN, with a 2A endorsement.

Approximately 500,000 patients in the U.S. are diagnosed annually with cancers that could be treated with a platinum-based chemotherapy.6,7 The incidence of ototoxicity depends upon the dose and duration of chemotherapy, and many of those treated will require lifelong hearing aids. Until the FDA approval of PEDMARK®, there were no preventative agents for this hearing loss. Patients with hearing loss resulting from cancer treatment have a statistically significant worse quality of life compared with peers who have no hearing loss.8,9

PEDMARK® has been studied by co-operative groups in two Phase 3 clinical studies of survival and reduction of ototoxicity, COG ACCL0431 and SIOPEL 6. Both studies have been completed. The COG ACCL0431 protocol enrolled childhood cancers typically treated with intensive cisplatin therapy for localized and disseminated disease, including newly diagnosed hepatoblastoma, germ cell tumor, osteosarcoma, neuroblastoma, medulloblastoma, and other solid tumors. SIOPEL 6 enrolled only hepatoblastoma patients with localized tumors.

Indications and Usage
PEDMARK® (sodium thiosulfate injection) is indicated to reduce the risk of ototoxicity associated with cisplatin in pediatric patients 1 month of age and older with localized, non-metastatic solid tumors.

Limitations of Use
The safety and efficacy of PEDMARK® have not been established when administered following cisplatin infusions longer than 6 hours. PEDMARK® may not reduce the risk of ototoxicity when administered following longer cisplatin infusions, because irreversible ototoxicity may have already occurred.

Important Safety Information
PEDMARK® is contraindicated in patients with history of a severe hypersensitivity to sodium thiosulfate or any of its components.

Hypersensitivity reactions occurred in 8% to 13% of patients in clinical trials. Monitor patients for hypersensitivity reactions. Immediately discontinue PEDMARK® and institute appropriate care if a hypersensitivity reaction occurs. Administer antihistamines or glucocorticoids (if appropriate) before each subsequent administration of PEDMARK®. PEDMARK® may contain sodium sulfite; patients with sulfite sensitivity may have hypersensitivity reactions, including anaphylactic symptoms and life-threatening or severe asthma episodes. Sulfite sensitivity is seen more frequently in people with asthma.

PEDMARK® is not indicated for use in pediatric patients less than 1 month of age due to the increased risk of hypernatremia or in pediatric patients with metastatic cancers.

Hypernatremia occurred in 12% to 26% of patients in clinical trials, including a single Grade 3 case. Hypokalemia occurred in 15% to 27% of patients in clinical trials, with Grade 3 or 4 occurring in 9% to 27% of patients. Monitor serum sodium and potassium levels at baseline and as clinically indicated. Withhold PEDMARK® in patients with baseline serum sodium greater than 145 mmol/L.
Monitor for signs and symptoms of hypernatremia and hypokalemia more closely if the glomerular filtration rate (GFR) falls below 60 mL/min/1.73m2.

Administer antiemetics prior to each PEDMARK® administration. Provide additional antiemetics and supportive care as appropriate.

The most common adverse reactions (≥25% with difference between arms of >5% compared to cisplatin alone) in SIOPEL 6 were vomiting, nausea, decreased hemoglobin, and hypernatremia. The most common adverse reaction (≥25% with difference between arms of >5% compared to cisplatin alone) in COG ACCL0431 was hypokalemia.

Please see full Prescribing Information for PEDMARK® at: www.PEDMARK.com.

About Fennec Pharmaceuticals
Fennec Pharmaceuticals Inc. is a specialty pharmaceutical company committed to the fight against ototoxicity in cancer patients who receive cisplatin-based chemotherapy. Fennec is focused on the commercialization of PEDMARK® to reduce the risk of platinum-induced ototoxicity in cancer patients. PEDMARK® received FDA approval in September 2022 and European Commission approval in June 2023 and United Kingdom (U.K.) approval in October 2023 under the brand name PEDMARQSI®.

In March 2024, Fennec entered into an exclusive licensing agreement under which Norgine Pharmaceuticals Ltd., a leading European specialist pharmaceutical company, will commercialize PEDMARQSI® in Europe, U.K., Australia and New Zealand. PEDMARQSI® is now commercially available in the U.K. and Germany.

PEDMARK® has received Orphan Drug Exclusivity in the U.S. and PEDMARQSI® has received Pediatric Use Marketing Authorization in Europe which includes eight years plus two years of data and market protection. Further, Fennec has patents providing protection for PEDMARK® until 2039 in both the U.S. and internationally.

For more information, please visit www.fennecpharma.com and follow on LinkedIn.

Forward Looking Statements
Except for historical information described in this press release, all other statements are forward-looking. Words such as “believe,” “anticipate,” “plan,” “expect,” “estimate,” “intend,” “may,” “will,” or the negative of those terms, and similar expressions, are intended to identify forward-looking statements. These forward-looking statements include statements about our business strategy, timeline and other goals, plans and prospects, including our commercialization plans respecting PEDMARK®/PEDMARQSI®, the market opportunity for and market impact of PEDMARK®/ PEDMARQSI®, its potential impact on patients and anticipated benefits associated with its use, and future commercial and regulatory milestones, and potential access to further funding after the date of this release. Forward-looking statements are subject to certain risks and uncertainties inherent in the Company’s business that could cause actual results to vary, including the risks and uncertainties that regulatory and guideline developments may change, scientific data and/or manufacturing capabilities may not be sufficient to meet regulatory standards or receipt of required regulatory clearances or approvals, clinical results may not be replicated in actual patient settings, unforeseen global instability, including political instability, or instability from an outbreak of pandemic or contagious disease, such as the novel coronavirus (COVID-19), or surrounding the duration and severity of an outbreak, protection offered by the Company’s patents and patent applications may be challenged, invalidated or circumvented by its competitors, the available market for the Company’s products will not be as large as expected, the Company’s products will not be able to penetrate one or more targeted markets, revenues will not be sufficient to fund further development and clinical studies, our ability to obtain necessary capital when needed on acceptable terms or at all, the Company may not meet its future capital requirements in different countries and municipalities, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission including its Annual Report on Form 10-K for the year ended December 31, 2024. Fennec disclaims any obligation to update these forward-looking statements except as required by law.

For a more detailed discussion of related risk factors, please refer to our public filings available at www.sec.gov and www.sedar.com.

PEDMARK®, PEDMARQSI® and Fennec® are registered trademarks of Fennec Pharmaceuticals Inc.

©2025 Fennec Pharmaceuticals Inc. All rights reserved.

For further information, please contact:

Investors:
Robert Andrade
Chief Financial Officer
Fennec Pharmaceuticals Inc.
+1 919-246-5299

Corporate and Media:
Lindsay Rocco
Elixir Health Public Relations
+1 862-596-1304
lrocco@elixirhealthpr.com

____________________
1 Sheth S et al. Mechanisms of Cisplatin Ototoxicity and Progress in Otoprotection. Frontiers in Cellular Neuroscience. 2017, Vol. 11.
2 Langer T, am Zehnhoff-Dinnesen A, Radtke S, Meitert J, Zolk O. Understanding platinum-induced ototoxicity. Trends Pharmacol Sci. 2013;34(8):458-469
3 Landier W. Ototoxicity and Cancer Therapy. Cancer. June 2016 Vol. 122, No.11: 1647-1658.
4 Clemens E, van den Heuvel-Eibrink MM, Mulder RL, et al. Recommendations for ototoxicity surveillance for childhood, adolescent, and young adult cancer survivors: a report from the International Late Effects of Childhood Cancer Guideline Harmonization Group in collaboration with the PanCare Consortium. Lancet Oncol. 2019;20(1):e29-e41
5 Bass JK, Knight KR, Yock TI, Chang KW, Cipkala D, Grewal SS. Evaluation and management of hearing loss in survivors of childhood and adolescent cancers: a report from the children’s oncology group. Pediatr Blood Cancer. 2016;63(7):1152-1162.
6 Chattaraj A et al. Cisplatin-Induced Ototoxicity: A Concise Review of the Burden, Prevention, and Interception Strategies. JCO Oncol Pract. 2023;19
7 Freyer DR et al. Effects of sodium thiosulfate versus observation on development of cisplatin-induced hearing loss in children with cancer (ACCL0431): a multicentre, randomised, controlled, open-label, phase 3 trial. Lancet Oncol. 2017;18(1):63-74.
8 Rajput K, Edwards L, Brock P, Abiodun A, Simpkin P, Al-Malky G. Ototoxicity-induced hearing loss and quality of life in survivors of paediatric cancer. Int J Pediatr Otorhinolaryngol. 2020;138:110401. doi:10.1016/j.ijporl.2020.110401
9 Bass JK, Knight KR, Yock TI, Chang KW, Cipkala D, Grewal SS. Evaluation and management of hearing loss in survivors of childhood and adolescent cancers: a report from the children’s oncology group. Pediatr Blood Cancer. 2016;63(7):1152-1162.

Fennec Pharmaceuticals Reports Third Quarter 2025 Financial Results and Provides Business Update

Fennec Pharmaceuticals Reports Third Quarter 2025 Financial Results and Provides Business Update




Fennec Pharmaceuticals Reports Third Quarter 2025 Financial Results and Provides Business Update

~ Q3 2025 Total Net Product Sales of $12.5 Million, 79% Year Over Year Growth ~ 

~ Q3 2025 Positive Cash Flow from Operations, Cash Position Grew to $22 Million ~

~ Japan Clinical Trial (STS-J01) Preliminary Results Expected in Q4 2025 ~

RESEARCH TRIANGLE PARK, N.C., Nov. 13, 2025 (GLOBE NEWSWIRE) — Fennec Pharmaceuticals Inc. (NASDAQ:FENC; TSX: FRX), a specialty pharmaceutical company, today reported its financial results for the third quarter ended September 30, 2025 and provided a business update.

“Today marks an inflection point for Fennec as we delivered the strongest quarter in our history. Record net product sales, four consecutive quarters of double-digit growth, and our first profitable quarter from operations, clearly demonstrate that our strategy is working,” said Jeff Hackman, chief executive officer of Fennec Pharmaceuticals. “What began as a rebuild in the first half of 2025 is now translating into tangible performance. The actions we took to strengthen our commercial organization, drive broader adoption, and reinforce our balance sheet are firmly taking hold. With continued discipline in executing against our strategic priorities, we believe we are well positioned to sustain the growth trajectory of PEDMARK®.”

Business Highlights:

  • Continued Growth Within Key PEDMARK® Accounts: Last quarter, Fennec announced that one of the largest oncology provider networks added PEDMARK® to its formulary. Since then, adoption has accelerated across numerous accounts within the network, including multiple Adolescent and Young Adult (AYA) patients across several tumor types receiving PEDMARK®. This adoption reflects growing confidence in PEDMARK®’s clinical value and reinforces its potential to help reshape the standard of care for patients receiving cisplatin-based treatment.
  • Clinical Data Generation: Robust engagement with key opinion leaders underscores strong external validation of PEDMARK® and its potential in broader oncology care. Multiple investigator-initiated studies have already been submitted to Fennec and are currently under review, with several others in advanced contracting or evaluation stages. These collaborations are expected to further strengthen our clinical and commercial foundation, with additional details to be shared as they materialize.
  • STS-J01 in Japan: In Japan, preliminary results from the investigator-initiated clinical trial (STS-J01) evaluating PEDMARK® are expected in the fourth quarter of 2025. If the data are positive, the Company will pursue registration in Japan and will also explore partnering or licensing opportunities for PEDMARK®.

Upcoming Events:

  • 16th Annual Craig-Hallum Alpha Select Conference: The management team will host one-on-one investor meetings at the 16th Annual Craig-Hallum Alpha Select Conference, which will be held on Tuesday, November 18, 2025 at the Sheraton New York Times Square Hotel in New York City.

Financial Results for the Third Quarter 2025 Fiscal Year Ended September 30, 2025

  • Net Product Sales – For the third quarter of 2025, the Company recorded net product sales of approximately $12.5 million compared to $7.0 million in the third quarter of 2024, the highest quarterly net product sales in Fennec’s history. In the first nine months of 2025, net product sales surpassed total net product sales for full year of 2024. The increase in net product sales is attributable to growth across both new and existing accounts with notable success in adherence of PEDMARK® patients.
  • Selling and Marketing Expenses – The Company recorded $5.2 million in selling and marketing expenses in the third quarter of 2025 compared to $4.4 million in the second quarter of 2025 and $4.6 million in the third quarter of 2024.
  • General and Administrative (G&A) Expenses – The Company recorded $6.8 million in G&A expenses in the third quarter of 2025 compared to $7.0 million in the second quarter of 2025 and $6.1 million in the third quarter of 2024.
  • Cash Position – Cash and cash equivalents were $21.9 million as of September 30, 2025 compared to $18.7 million as of June 30, 2025.

Financial Update

The selected financial data presented below is derived from our unaudited condensed consolidated financial statements, which were prepared in accordance with U.S. generally accepted accounting principles. The complete unaudited condensed consolidated financial statements for the period ended September 30, 2025, and management’s discussion and analysis of financial condition and results of operations will be available via www.sec.gov and www.sedar.com. All values are presented in thousands unless otherwise noted.

             
    Three Months Ended
    September 30,   September 30,
    2025   2024
             
Revenue            
PEDMARK product sales, net   $ 12,462     $ 6,974  
Total revenue     12,462       6,974  
             
Operating expenses:            
Cost of product sales     660       1,357  
Research and development     29       97  
Selling and marketing     5,210       4,601  
General and administrative     6,752       6,121  
             
Total operating expenses     12,651       12,176  
(Loss) from operations     (189 )     (5,202 )
             
Other (expense)/income            
Unrealized foreign exchange (loss)/gain     (3 )      
Amortization expense     (12 )     (21 )
Unrealized loss on securities           (3 )
Interest income     152       516  
Interest expense     (586 )     (1,025 )
Total other expense     (449 )     (533 )
             
Net (loss)   $ (638 )   $ (5,735 )
             
Basic net (loss) per common share   $ (0.02 )   $ (0.21 )
Diluted net (loss) per common share   $ (0.02 )   $ (0.21 )
Weighted-average number of common shares outstanding basic     27,889       27,371  
Weighted-average number of common shares outstanding diluted     27,889       27,371  

    September 30,   December 31,
    2025   2024
             
Assets            
             
Current assets            
Cash and cash equivalents   $ 21,947     $ 26,634  
Accounts receivable, net     19,343       12,884  
Prepaid expenses     1,399       3,080  
Inventory     2,477       1,060  
Other current assets     898       466  
Total current assets     46,064       44,124  
             
Non-current assets     3,197       822  
Total assets   $ 49,261     $ 44,946  
             
Liabilities and stockholders’ deficit            
             
Current liabilities:            
Accounts payable   $ 5,866     $ 3,241  
Accrued liabilities     3,701       3,428  
Contract liability-current     248       248  
Operating lease liability – current           2  
Total current liabilities     9,815       6,919  
             
Long-term liabilities            
Term loan     18,206       18,206  
PIK interest     1,271       1,271  
Debt discount     (100 )     (139 )
Contract liability – long-term     24,561       24,561  
Total long-term liabilities     43,938       43,899  
Total liabilities     53,753       50,818  
             
Commitments and contingencies            
             
Stockholders’ deficit:            
Common stock, no par value; unlimited shares authorized; 27,733 shares issued and outstanding (2024 ‑27,527)     147,652       145,608  
Additional paid-in capital     71,249       66,958  
Accumulated deficit     (224,636 )     (219,681 )
Accumulated other comprehensive income     1,243       1,243  
Total stockholders’ deficit     (4,492 )     (5,872 )
Total liabilities and stockholders’ deficit   $ 49,261     $ 44,946  
                 

About Cisplatin-Induced Ototoxicity
Cisplatin and other platinum-based chemotherapies are widely used to treat solid tumors and have been vital in improving survival rates. Unfortunately, these life-saving treatments often result in permanent, irreversible hearing loss, also known as ototoxicity.1

Hearing loss from cisplatin treatment is not rare. Studies show that between 60-90% of patients treated with cisplatin may develop hearing loss, depending upon the dose and duration of chemotherapy.2 Many of those treated with cisplatin will require lifelong hearing aids or cochlear implants, which can be helpful for some, but do not reverse the hearing loss and can be costly over time.3 Treatment-induced hearing loss can reduce quality of survivorship as it impacts many aspects of life, such as speech and language skills, academic performance, social-emotional development, career potential and the ability to live independently.4,5 While audiologic monitoring is recommended to help manage ototoxicity, it is currently underutilized in certain cancer patient populations.

PEDMARK® (sodium thiosulfate injection)

PEDMARK® is the first and only U.S. Food and Drug Administration (FDA) approved therapy indicated to reduce the risk of ototoxicity associated with cisplatin treatment in pediatric patients 1 month of age and older with localized, non-metastatic, solid tumors. It is a unique formulation of sodium thiosulfate in single-dose, ready-to-use vials for intravenous use in pediatric patients. PEDMARK® is also the first and only therapeutic agent with proven efficacy and safety data with an established dosing regimen, across two open-label, randomized Phase 3 clinical studies, the Children’s Oncology Group (COG) Protocol ACCL0431 and SIOPEL 6.

Additionally, PEDMARK® is recommended for the adolescent and young adult (AYA) population by the National Comprehensive Cancer Network, or NCCN, with a 2A endorsement.

Approximately 500,000 patients in the U.S. are diagnosed annually with cancers that could be treated with a platinum-based chemotherapy.6,7 The incidence of ototoxicity depends upon the dose and duration of chemotherapy, and many of those treated will require lifelong hearing aids. Until the FDA approval of PEDMARK®, there were no preventative agents for this hearing loss. Patients with hearing loss resulting from cancer treatment have a statistically significant worse quality of life compared with peers who have no hearing loss.8,9

PEDMARK® has been studied by co-operative groups in two Phase 3 clinical studies of survival and reduction of ototoxicity, COG ACCL0431 and SIOPEL 6. Both studies have been completed. The COG ACCL0431 protocol enrolled childhood cancers typically treated with intensive cisplatin therapy for localized and disseminated disease, including newly diagnosed hepatoblastoma, germ cell tumor, osteosarcoma, neuroblastoma, medulloblastoma, and other solid tumors. SIOPEL 6 enrolled only hepatoblastoma patients with localized tumors.

Indications and Usage
PEDMARK® (sodium thiosulfate injection) is indicated to reduce the risk of ototoxicity associated with cisplatin in pediatric patients 1 month of age and older with localized, non-metastatic solid tumors.

Limitations of Use
The safety and efficacy of PEDMARK® have not been established when administered following cisplatin infusions longer than 6 hours. PEDMARK® may not reduce the risk of ototoxicity when administered following longer cisplatin infusions, because irreversible ototoxicity may have already occurred.

Important Safety Information
PEDMARK® is contraindicated in patients with history of a severe hypersensitivity to sodium thiosulfate or any of its components.

Hypersensitivity reactions occurred in 8% to 13% of patients in clinical trials. Monitor patients for hypersensitivity reactions. Immediately discontinue PEDMARK® and institute appropriate care if a hypersensitivity reaction occurs. Administer antihistamines or glucocorticoids (if appropriate) before each subsequent administration of PEDMARK®. PEDMARK® may contain sodium sulfite; patients with sulfite sensitivity may have hypersensitivity reactions, including anaphylactic symptoms and life-threatening or severe asthma episodes. Sulfite sensitivity is seen more frequently in people with asthma.

PEDMARK® is not indicated for use in pediatric patients less than 1 month of age due to the increased risk of hypernatremia or in pediatric patients with metastatic cancers.

Hypernatremia occurred in 12% to 26% of patients in clinical trials, including a single Grade 3 case. Hypokalemia occurred in 15% to 27% of patients in clinical trials, with Grade 3 or 4 occurring in 9% to 27% of patients. Monitor serum sodium and potassium levels at baseline and as clinically indicated. Withhold PEDMARK® in patients with baseline serum sodium greater than 145 mmol/L.
Monitor for signs and symptoms of hypernatremia and hypokalemia more closely if the glomerular filtration rate (GFR) falls below 60 mL/min/1.73m2.

Administer antiemetics prior to each PEDMARK® administration. Provide additional antiemetics and supportive care as appropriate.

The most common adverse reactions (≥25% with difference between arms of >5% compared to cisplatin alone) in SIOPEL 6 were vomiting, nausea, decreased hemoglobin, and hypernatremia. The most common adverse reaction (≥25% with difference between arms of >5% compared to cisplatin alone) in COG ACCL0431 was hypokalemia.

Please see full Prescribing Information for PEDMARK® at: www.PEDMARK.com.

About Fennec Pharmaceuticals
Fennec Pharmaceuticals Inc. is a specialty pharmaceutical company committed to the fight against ototoxicity in cancer patients who receive cisplatin-based chemotherapy. Fennec is focused on the commercialization of PEDMARK® to reduce the risk of platinum-induced ototoxicity in cancer patients. PEDMARK® received FDA approval in September 2022 and European Commission approval in June 2023 and United Kingdom (U.K.) approval in October 2023 under the brand name PEDMARQSI®.

In March 2024, Fennec entered into an exclusive licensing agreement under which Norgine Pharmaceuticals Ltd., a leading European specialist pharmaceutical company, will commercialize PEDMARQSI® in Europe, U.K., Australia and New Zealand. PEDMARQSI® is now commercially available in the U.K. and Germany.

PEDMARK® has received Orphan Drug Exclusivity in the U.S. and PEDMARQSI® has received Pediatric Use Marketing Authorization in Europe which includes eight years plus two years of data and market protection. Further, Fennec has patents providing protection for PEDMARK® until 2039 in both the U.S. and internationally.

For more information, please visit www.fennecpharma.com and follow on LinkedIn.

Forward Looking Statements
Except for historical information described in this press release, all other statements are forward-looking. Words such as “believe,” “anticipate,” “plan,” “expect,” “estimate,” “intend,” “may,” “will,” or the negative of those terms, and similar expressions, are intended to identify forward-looking statements. These forward-looking statements include statements about our business strategy, timeline and other goals, plans and prospects, including our commercialization plans respecting PEDMARK®/PEDMARQSI®, the market opportunity for and market impact of PEDMARK®/ PEDMARQSI®, its potential impact on patients and anticipated benefits associated with its use, and future commercial and regulatory milestones, and potential access to further funding after the date of this release. Forward-looking statements are subject to certain risks and uncertainties inherent in the Company’s business that could cause actual results to vary, including the risks and uncertainties that regulatory and guideline developments may change, scientific data and/or manufacturing capabilities may not be sufficient to meet regulatory standards or receipt of required regulatory clearances or approvals, clinical results may not be replicated in actual patient settings, unforeseen global instability, including political instability, or instability from an outbreak of pandemic or contagious disease, such as the novel coronavirus (COVID-19), or surrounding the duration and severity of an outbreak, protection offered by the Company’s patents and patent applications may be challenged, invalidated or circumvented by its competitors, the available market for the Company’s products will not be as large as expected, the Company’s products will not be able to penetrate one or more targeted markets, revenues will not be sufficient to fund further development and clinical studies, our ability to obtain necessary capital when needed on acceptable terms or at all, the Company may not meet its future capital requirements in different countries and municipalities, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission including its Annual Report on Form 10-K for the year ended December 31, 2024. Fennec disclaims any obligation to update these forward-looking statements except as required by law.

For a more detailed discussion of related risk factors, please refer to our public filings available at www.sec.gov and www.sedar.com.

PEDMARK®, PEDMARQSI® and Fennec® are registered trademarks of Fennec Pharmaceuticals Inc.

©2025 Fennec Pharmaceuticals Inc. All rights reserved.

For further information, please contact:

Investors:
Robert Andrade
Chief Financial Officer
Fennec Pharmaceuticals Inc.
+1 919-246-5299

Corporate and Media:
Lindsay Rocco
Elixir Health Public Relations
+1 862-596-1304
lrocco@elixirhealthpr.com

____________________
1 Sheth S et al. Mechanisms of Cisplatin Ototoxicity and Progress in Otoprotection. Frontiers in Cellular Neuroscience. 2017, Vol. 11.
2 Langer T, am Zehnhoff-Dinnesen A, Radtke S, Meitert J, Zolk O. Understanding platinum-induced ototoxicity. Trends Pharmacol Sci. 2013;34(8):458-469
3 Landier W. Ototoxicity and Cancer Therapy. Cancer. June 2016 Vol. 122, No.11: 1647-1658.
4 Clemens E, van den Heuvel-Eibrink MM, Mulder RL, et al. Recommendations for ototoxicity surveillance for childhood, adolescent, and young adult cancer survivors: a report from the International Late Effects of Childhood Cancer Guideline Harmonization Group in collaboration with the PanCare Consortium. Lancet Oncol. 2019;20(1):e29-e41
5 Bass JK, Knight KR, Yock TI, Chang KW, Cipkala D, Grewal SS. Evaluation and management of hearing loss in survivors of childhood and adolescent cancers: a report from the children’s oncology group. Pediatr Blood Cancer. 2016;63(7):1152-1162.
6 Chattaraj A et al. Cisplatin-Induced Ototoxicity: A Concise Review of the Burden, Prevention, and Interception Strategies. JCO Oncol Pract. 2023;19
7 Freyer DR et al. Effects of sodium thiosulfate versus observation on development of cisplatin-induced hearing loss in children with cancer (ACCL0431): a multicentre, randomised, controlled, open-label, phase 3 trial. Lancet Oncol. 2017;18(1):63-74.
8 Rajput K, Edwards L, Brock P, Abiodun A, Simpkin P, Al-Malky G. Ototoxicity-induced hearing loss and quality of life in survivors of paediatric cancer. Int J Pediatr Otorhinolaryngol. 2020;138:110401. doi:10.1016/j.ijporl.2020.110401
9 Bass JK, Knight KR, Yock TI, Chang KW, Cipkala D, Grewal SS. Evaluation and management of hearing loss in survivors of childhood and adolescent cancers: a report from the children’s oncology group. Pediatr Blood Cancer. 2016;63(7):1152-1162.

Bionano Reports Third Quarter 2025 Results and Highlights Recent Business Progress

Bionano Reports Third Quarter 2025 Results and Highlights Recent Business Progress




Bionano Reports Third Quarter 2025 Results and Highlights Recent Business Progress

Conference call today, November 13, 2025, at 4:30 PM ET

SAN DIEGO, Nov. 13, 2025 (GLOBE NEWSWIRE) — Bionano Genomics, Inc. (Nasdaq: BNGO) today reported financial results for the third quarter ended September 30, 2025.

“Over the last year, we have taken decisive steps to transform our business model by focusing on driving consumables and software utilization among our existing routine use customers. We believe our performance in the third quarter and year-to-date validates this strategic shift and demonstrates our turn toward sustainable growth as our business stabilizes. This quarter we delivered sustained margins, disciplined operating expense management, and increased utilization from routine users. We continue to see strong momentum in our key geographies and expanding utilization in new regions, including Japan, where researchers are leveraging optical genome mapping (OGM) to address complex questions in genetics. These developments strengthen our confidence in Bionano’s long-term growth trajectory,” commented Erik Holmlin, PhD, president and CEO of Bionano.

Q3 2025 Financial Results

For the three-month period ended September 30, 2025, as compared to the same period of 2024:

  • Reported total revenue of $7.4 million, representing an increase of 21% from $6.1 million in Q3 2024.
    • The prior year period included a $0.5 million write-down in revenue from clinical services, which were discontinued.
    • Consumables and software revenues increased 15%.
    • The prior year period also included $1.4 million in instrument revenue, compared to $1.6 million in the third quarter of 2025.
  • Sold 8,390 nanochannel array flowcells in the third quarter of 2025, which was an increase of 7% over the 7,835 flowcells sold in the third quarter of 2024.
  • Installed 7 new OGM systems and brought 1 back to reach an installed base of 384 at quarter-end, representing a 4% increase over the 368 installed systems reported at the end of the third quarter of 2024.
  • Generated gross margin of 46%, compared to (139)% for the third quarter of 2024, and non-GAAP gross margin1 of 46%, compared to 26% for the third quarter of 2024. Non-GAAP gross margin in the prior year period excludes a $9.8 million impairment, disposal of reagent rentals and inventory charge, as well as stock-based compensation and restructuring expenses.
  • Reduced operating expenses by 66% to $11.9 million and non-GAAP operating expense1 by 40% to $9.7 million.
  • Ended the third quarter with cash, cash equivalents, available-for-sale securities, and restricted short-term investments of $31.8 million.


1
”Non-GAAP gross margin” and “non-GAAP operating expense” are non-GAAP financial measures. Please refer to the section titled “Non-GAAP Financial Measures” below for a description of the non-GAAP financial measures used herein. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this release.

Recent Business Highlights:

  • Completed a public offering of common stock in September 2025, raising $10 million of aggregate gross proceeds.
  • Highlighted global momentum and the effectiveness of OGM through nine studies, including oral presentations and posters, at the American Society of Human Genetics (ASHG) Meeting.
  • Announced Centers for Medicare & Medicaid Services (CMS) posted the preliminary payment determination for the Category I Current Procedural Terminology (CPT) code for the use of OGM in cytogenomic genome-wide analysis to detect structural and copy number variations relative to constitutional genetic disorders.
  • Announced multiple studies highlighting OGM utility for analysis of cancer biomarker chromoanagenesis were published in Methods in Molecular Biology.

  • Announced a new publication showing how OGM can overcome key limitations of targeted RNA-Sequencing for cytogenetic investigation in acute leukemia, representing the first comparison of OGM and RNA-sequencing in cancer.
  • Demonstrated the growing utilization of OGM with 97 peer-reviewed publications in the third quarter.


2025 Outlook

We anticipate the following results for Q4 2025 and the full year:

  • Reiterating full year 2025 revenue in the range of $26.0 to $30.0 million.
  • Initiating Q4 2025 revenue in the range of $7.5 to $7.9 million.
  • Expecting new OGM system installations to surpass 25 in full year 2025, compared to prior expectations of 20 to 25.


Webcast Details

Webcast Details
Date: Thursday, November 13, 2025
Time: 4:30 p.m. Eastern Time
Participant Registration: Registration – Click Here
Webcast: https://edge.media-server.com/mmc/p/4jh5a49o

Participants should register at the link above in advance of the call, and then click the webcast link before the call begins. An archived version of the webcast will be available for replay in the Investors section of the Bionano website.

About Bionano

Bionano is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through optical genome mapping (OGM) solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. The Company also offers an industry-leading, platform-agnostic genome analysis software solution, and nucleic acid extraction and purification solutions using proprietary isotachophoresis (ITP) technology. Through its Lineagen, Inc. d/b/a Bionano Laboratories business, the Company also offers OGM-based diagnostic testing services.

For more information, visit www.bionano.com or www.bionanolaboratories.com.

Bionano’s products are for research use only and not for use in diagnostic procedures.

Non-GAAP Financial Measures

To supplement Bionano’s financial results reported in accordance with U.S. generally accepted accounting principles (GAAP), the Company has provided non-GAAP gross margin and non-GAAP operating expense in this press release and the accompanying conference call, each of which is a non-GAAP financial measure. Non-GAAP gross margin excludes from gross margin reported in accordance with GAAP: stock-based compensation and restructuring expenses, and impairment and disposal of reagent rentals and inventory. Non-GAAP operating expense excludes from operating expense reported in accordance with GAAP: stock-based compensation, amortization of intangibles, changes in fair value of contingent consideration, transaction-related expenses, and loss on disposals. In addition, our reconciliation table provided at the end of this release contains certain additional non-GAAP metrics, including non-GAAP cost of revenue, non-GAAP selling, general and administrative expense, non-GAAP research and development expense, non-GAAP intangible assets and other long-lived assets impairment and non-GAAP restructuring costs, each with adjustments as presented in the table.

Bionano believes that each of these non-GAAP metrics is useful to investors and analysts as a supplement to its financial information prepared in accordance with GAAP for analyzing the Company’s performance and identifying trends in its business. Bionano uses these non-GAAP metrics internally to facilitate period-to-period comparisons and analysis of its performance in order to understand, manage and evaluate its business, to make operating decisions, and for forecasting and budgeting. Accordingly, Bionano believes presentation of these non-GAAP measure allows for greater transparency with respect to key financial metrics it uses in assessing its own operating performance and making operating decisions.

These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures; should be read in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP; have no standardized meaning prescribed by GAAP; and are not prepared under any comprehensive set of accounting rules or principles. In addition, from time to time in the future, there may be other items that the Company may exclude for purposes of its non-GAAP financial measures; and the Company may in the future cease to exclude items that it has historically excluded for purposes of its non-GAAP financial measures. Likewise, the Company may determine to modify the nature of its adjustments to arrive at its non-GAAP financial measures. Because of the non-standardized definitions of non-GAAP financial measures, each non-GAAP financial measure as used by Bionano in this press release and the accompanying reconciliation table has limits in its usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.

For a reconciliation of non-GAAP gross margin to gross margin reported in accordance with GAAP and non-GAAP operating expense to operating expense reported in accordance with GAAP, please refer to the financial tables accompanying this press release.

Forward-Looking Statements of Bionano Genomics
This press release and the accompanying conference call contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy and plans, and objectives of management for future operations, are forward-looking statements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: our expectations regarding market adoption of our products, our commercial prospects and future financial and operating results, including our full year 2025 and Q4 2025 guidance, and our ability to meet our stated goals and commercial opportunities. Each of these forward-looking statements involves risks and uncertainties. Accordingly, investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. There are a number of important factors that could cause the actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include, but are not limited to: our ability to improve our margins, extend our cash runway and reach a potential pathway to profitability; our ability to continue as a going concern within 12 months of the filing of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, which requires us to manage costs and obtain significant additional financing to fund our strategic plans and commercialization efforts; our ability to execute on our strategy and achieve our objectives; the impact and utility of our cost savings initiative and our recent financing; our ability to continue to drive OGM (as defined above) adoption by potential customers for routine use in genomic analysis; the impact, or lack thereof, of Category I CPT codes to accelerate or increase the adoption of OGM; continued research, presentations and publications involving OGM and its utility compared to traditional cytogenetics and our technologies; the impact of our Stratys™ system and VIA™ software to increase throughput and simplify analysis of OGM data; our ability to drive adoption of OGM and our technology solutions; our ability to further deploy new products and applications for our technology platforms; our expectations and beliefs regarding future growth of the business and the markets in which we operate; our ability to consummate any strategic alternatives including the risk that if we fail to obtain additional financing we may seek relief under applicable insolvency laws; the size and growth potential of the markets for our products, and our ability to serve those markets; the rate and degree of market acceptance of our products; our ability to manage the growth of our business and integrate acquired businesses; our ability to expand our commercial organization to address effectively existing and new markets that we intend to target; the impact from future regulatory, judicial, and legislative changes or developments in the U.S. and foreign countries; our ability to compete effectively in a competitive industry; the introduction of competitive technologies or improvements in existing technologies and the success of any such technologies; the performance of our third-party contract sales organizations, suppliers and manufacturers; our ability to attract and retain key scientific or management personnel; the accuracy of our estimates regarding expenses, future revenues, reimbursement rates, capital requirements and needs for additional financing; the impact of adverse geopolitical and macroeconomic developments, such as recent and future bank failures, the ongoing conflicts between Ukraine and Russia and in the Middle East, and related sanctions, regional or global pandemics, inflation, tariffs, increased cost of goods, supply chain issues, and global financial market conditions; on our business and operations, as well as the business or operations of our suppliers, customers, manufacturers, research partners and other third parties with whom we conduct business and our expectations with respect to the duration of such impacts and the resulting effects on our business; our ability to realize the anticipated benefits and synergies of our prior and any future acquisitions or other strategic transactions; our ability to attract collaborators and strategic partnerships; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Form 10-Q and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as may be required by law.

CONTACTS
Company Contact:
Erik Holmlin, CEO
Bionano Genomics, Inc.
+1 (858) 888-7610
eholmlin@bionano.com

Investor Relations:
Kelly Gura
Gilmartin Group
+1 (212) 229-6163
IR@bionano.com

 
BIONANO GENOMICS, INC
Condensed Consolidated Balance Sheet (Unaudited)
  (Unaudited)    
  September 30,
2025
  December 31,
2024
Assets      
Current assets:      
Cash and cash equivalents $ 3,065,000     $ 9,173,000  
Investments   18,516,000       302,000  
Accounts receivable, net   4,526,000       4,752,000  
Inventory   7,049,000       11,121,000  
Prepaid expenses and other current assets   5,378,000       3,141,000  
Restricted investments   10,266,000       11,000,000  
Total current assets   48,800,000       39,489,000  
Restricted cash         400,000  
Property and equipment, net   16,172,000       19,219,000  
Operating lease right-of-use asset   3,497,000       1,804,000  
Financing lease right-of-use asset   3,146,000       3,299,000  
Intangible assets, net   5,685,000       9,705,000  
Other long-term assets   1,762,000       2,754,000  
Total assets $ 79,062,000     $ 76,670,000  
       
Liabilities and stockholders’ equity      
Current liabilities:      
Accounts payable $ 5,990,000     $ 6,962,000  
Accrued expenses   4,706,000       5,641,000  
Contract liabilities   1,180,000       1,128,000  
Operating lease liability   1,025,000       2,991,000  
Finance lease liability   251,000       260,000  
Convertible debentures payable (at fair value)   9,825,000       20,362,000  
Total current liabilities   22,977,000       37,344,000  
Operating lease liability, net of current portion   2,599,000       145,000  
Finance lease liability, net of current portion   3,495,000       3,539,000  
Long-term contract liabilities   192,000       267,000  
Total liabilities   29,263,000       41,295,000  
Stockholders’ equity:      
Common stock   1,000        
Preferred Stock          
Additional paid-in capital   761,479,000       728,573,000  
Accumulated deficit   (711,687,000 )     (693,225,000 )
Accumulated other comprehensive income (loss)   6,000       27,000  
Total stockholders’ equity   49,799,000       35,375,000  
Total liabilities and stockholders’ equity $ 79,062,000     $ 76,670,000  
               

Bionano Genomics, Inc.
Condensed Consolidated Statement of Operations (Unaudited)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2025       2024       2025       2024  
Revenue:              
Product revenue $ 6,934,000     $ 6,021,000     $ 19,248,000     $ 19,359,000  
Service and other revenue   433,000       52,000       1,309,000       3,254,000  
Total revenue   7,367,000       6,073,000       20,557,000       22,613,000  
Cost of revenue:              
Cost of product revenue   3,842,000       14,251,000       10,044,000       23,858,000  
Cost of service and other revenue   155,000       268,000       727,000       1,792,000  
Total cost of revenue   3,997,000       14,519,000       10,771,000       25,650,000  
Operating expenses:              
Research and development   2,844,000       4,717,000       8,145,000       21,329,000  
Selling, general and administrative   9,064,000       9,464,000       26,444,000       40,109,000  
Intangible assets and other long-lived assets impairment         19,504,000             19,951,000  
Restructuring costs         1,770,000             7,616,000  
Total operating expenses   11,908,000       35,455,000       34,589,000       89,005,000  
Loss from operations   (8,538,000 )     (43,901,000 )     (24,803,000 )     (92,042,000 )
Other income (expenses):              
Interest income   268,000       376,000       835,000       1,876,000  
Other income (expense)   (219,000 )     (697,000 )     5,538,000       (1,694,000 )
Total other income (expense)   49,000       (321,000 )     6,373,000       182,000  
Loss before income taxes   (8,489,000 )     (44,222,000 )     (18,430,000 )     (91,860,000 )
Provision for income taxes   (14,000 )     (24,000 )     (32,000 )     (32,000 )
Net loss $ (8,503,000 )   $ (44,246,000 )   $ (18,462,000 )   $ (91,892,000 )
                               

Bionano Genomics, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2025       2024       2025       2024  
GAAP gross margin:              
GAAP revenue $ 7,367,000     $ 6,073,000     $ 20,557,000     $ 22,613,000  
GAAP cost of revenue   3,997,000       14,519,000       10,771,000       25,650,000  
GAAP gross profit   3,370,000       (8,446,000 )     9,786,000       (3,037,000 )
GAAP gross margin %   46 %     (139 )%     48 %     (13 )%
               
Non-GAAP gross margin:              
GAAP revenue $ 7,367,000     $ 6,073,000     $ 20,557,000     $ 22,613,000  
GAAP cost of revenue   3,997,000       14,519,000       10,771,000       25,650,000  
Stock-based compensation expense   (31,000 )     (82,000 )     (108,000 )     (338,000 )
COGS restructuring         (139,000 )           (157,000 )
Impairment and disposal of reagent rentals and inventory         (9,822,000 )           (9,822,000 )
Non-GAAP cost of revenue   3,966,000       4,476,000       10,663,000       15,333,000  
Non-GAAP gross profit   3,401,000       1,597,000       9,894,000       7,280,000  
Non-GAAP gross margin %   46 %     26 %     48 %     32 %
               
GAAP operating expense              
GAAP selling, general and administrative expense $ 9,064,000     $ 9,464,000     $ 26,444,000     $ 40,109,000  
Stock-based compensation expense   (768,000 )     (1,675,000 )     (2,948,000 )     (5,732,000 )
Intangible asset amortization   (1,340,000 )     (1,713,000 )     (4,020,000 )     (5,219,000 )
Change in fair value of contingent consideration         5,774,000             10,890,000  
Transaction related expenses               (126,000 )      
Loss on disposals                      
Non-GAAP selling, general and administrative expense   6,956,000       11,850,000       19,350,000       40,048,000  
GAAP research and development expense $ 2,844,000     $ 4,717,000     $ 8,145,000     $ 21,329,000  
Stock-based compensation expense   (142,000 )     (445,000 )     (552,000 )     (1,730,000 )
Non-GAAP research and development expense   2,702,000       4,272,000       7,593,000       19,599,000  
GAAP intangible assets and other long-lived assets impairment $     $ 19,504,000     $     $ 19,951,000  
Intangible assets, and other long-lived assets impairment         (19,504,000 )           (19,951,000 )
Non-GAAP intangible assets and other long-lived assets impairment                      
GAAP restructuring costs $     $ 1,770,000     $     $ 7,616,000  
Restructuring costs         (1,770,000 )           (7,616,000 )
Non-GAAP restructuring costs                      
Total non-GAAP operating expense $ 9,658,000     $ 16,122,000     $ 26,943,000     $ 59,647,000  
               

Bionano Reports Third Quarter 2025 Results and Highlights Recent Business Progress

Bionano Reports Third Quarter 2025 Results and Highlights Recent Business Progress




Bionano Reports Third Quarter 2025 Results and Highlights Recent Business Progress

Conference call today, November 13, 2025, at 4:30 PM ET

SAN DIEGO, Nov. 13, 2025 (GLOBE NEWSWIRE) — Bionano Genomics, Inc. (Nasdaq: BNGO) today reported financial results for the third quarter ended September 30, 2025.

“Over the last year, we have taken decisive steps to transform our business model by focusing on driving consumables and software utilization among our existing routine use customers. We believe our performance in the third quarter and year-to-date validates this strategic shift and demonstrates our turn toward sustainable growth as our business stabilizes. This quarter we delivered sustained margins, disciplined operating expense management, and increased utilization from routine users. We continue to see strong momentum in our key geographies and expanding utilization in new regions, including Japan, where researchers are leveraging optical genome mapping (OGM) to address complex questions in genetics. These developments strengthen our confidence in Bionano’s long-term growth trajectory,” commented Erik Holmlin, PhD, president and CEO of Bionano.

Q3 2025 Financial Results

For the three-month period ended September 30, 2025, as compared to the same period of 2024:

  • Reported total revenue of $7.4 million, representing an increase of 21% from $6.1 million in Q3 2024.
    • The prior year period included a $0.5 million write-down in revenue from clinical services, which were discontinued.
    • Consumables and software revenues increased 15%.
    • The prior year period also included $1.4 million in instrument revenue, compared to $1.6 million in the third quarter of 2025.
  • Sold 8,390 nanochannel array flowcells in the third quarter of 2025, which was an increase of 7% over the 7,835 flowcells sold in the third quarter of 2024.
  • Installed 7 new OGM systems and brought 1 back to reach an installed base of 384 at quarter-end, representing a 4% increase over the 368 installed systems reported at the end of the third quarter of 2024.
  • Generated gross margin of 46%, compared to (139)% for the third quarter of 2024, and non-GAAP gross margin1 of 46%, compared to 26% for the third quarter of 2024. Non-GAAP gross margin in the prior year period excludes a $9.8 million impairment, disposal of reagent rentals and inventory charge, as well as stock-based compensation and restructuring expenses.
  • Reduced operating expenses by 66% to $11.9 million and non-GAAP operating expense1 by 40% to $9.7 million.
  • Ended the third quarter with cash, cash equivalents, available-for-sale securities, and restricted short-term investments of $31.8 million.


1
”Non-GAAP gross margin” and “non-GAAP operating expense” are non-GAAP financial measures. Please refer to the section titled “Non-GAAP Financial Measures” below for a description of the non-GAAP financial measures used herein. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this release.

Recent Business Highlights:

  • Completed a public offering of common stock in September 2025, raising $10 million of aggregate gross proceeds.
  • Highlighted global momentum and the effectiveness of OGM through nine studies, including oral presentations and posters, at the American Society of Human Genetics (ASHG) Meeting.
  • Announced Centers for Medicare & Medicaid Services (CMS) posted the preliminary payment determination for the Category I Current Procedural Terminology (CPT) code for the use of OGM in cytogenomic genome-wide analysis to detect structural and copy number variations relative to constitutional genetic disorders.
  • Announced multiple studies highlighting OGM utility for analysis of cancer biomarker chromoanagenesis were published in Methods in Molecular Biology.

  • Announced a new publication showing how OGM can overcome key limitations of targeted RNA-Sequencing for cytogenetic investigation in acute leukemia, representing the first comparison of OGM and RNA-sequencing in cancer.
  • Demonstrated the growing utilization of OGM with 97 peer-reviewed publications in the third quarter.


2025 Outlook

We anticipate the following results for Q4 2025 and the full year:

  • Reiterating full year 2025 revenue in the range of $26.0 to $30.0 million.
  • Initiating Q4 2025 revenue in the range of $7.5 to $7.9 million.
  • Expecting new OGM system installations to surpass 25 in full year 2025, compared to prior expectations of 20 to 25.


Webcast Details

Webcast Details
Date: Thursday, November 13, 2025
Time: 4:30 p.m. Eastern Time
Participant Registration: Registration – Click Here
Webcast: https://edge.media-server.com/mmc/p/4jh5a49o

Participants should register at the link above in advance of the call, and then click the webcast link before the call begins. An archived version of the webcast will be available for replay in the Investors section of the Bionano website.

About Bionano

Bionano is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through optical genome mapping (OGM) solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. The Company also offers an industry-leading, platform-agnostic genome analysis software solution, and nucleic acid extraction and purification solutions using proprietary isotachophoresis (ITP) technology. Through its Lineagen, Inc. d/b/a Bionano Laboratories business, the Company also offers OGM-based diagnostic testing services.

For more information, visit www.bionano.com or www.bionanolaboratories.com.

Bionano’s products are for research use only and not for use in diagnostic procedures.

Non-GAAP Financial Measures

To supplement Bionano’s financial results reported in accordance with U.S. generally accepted accounting principles (GAAP), the Company has provided non-GAAP gross margin and non-GAAP operating expense in this press release and the accompanying conference call, each of which is a non-GAAP financial measure. Non-GAAP gross margin excludes from gross margin reported in accordance with GAAP: stock-based compensation and restructuring expenses, and impairment and disposal of reagent rentals and inventory. Non-GAAP operating expense excludes from operating expense reported in accordance with GAAP: stock-based compensation, amortization of intangibles, changes in fair value of contingent consideration, transaction-related expenses, and loss on disposals. In addition, our reconciliation table provided at the end of this release contains certain additional non-GAAP metrics, including non-GAAP cost of revenue, non-GAAP selling, general and administrative expense, non-GAAP research and development expense, non-GAAP intangible assets and other long-lived assets impairment and non-GAAP restructuring costs, each with adjustments as presented in the table.

Bionano believes that each of these non-GAAP metrics is useful to investors and analysts as a supplement to its financial information prepared in accordance with GAAP for analyzing the Company’s performance and identifying trends in its business. Bionano uses these non-GAAP metrics internally to facilitate period-to-period comparisons and analysis of its performance in order to understand, manage and evaluate its business, to make operating decisions, and for forecasting and budgeting. Accordingly, Bionano believes presentation of these non-GAAP measure allows for greater transparency with respect to key financial metrics it uses in assessing its own operating performance and making operating decisions.

These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures; should be read in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP; have no standardized meaning prescribed by GAAP; and are not prepared under any comprehensive set of accounting rules or principles. In addition, from time to time in the future, there may be other items that the Company may exclude for purposes of its non-GAAP financial measures; and the Company may in the future cease to exclude items that it has historically excluded for purposes of its non-GAAP financial measures. Likewise, the Company may determine to modify the nature of its adjustments to arrive at its non-GAAP financial measures. Because of the non-standardized definitions of non-GAAP financial measures, each non-GAAP financial measure as used by Bionano in this press release and the accompanying reconciliation table has limits in its usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.

For a reconciliation of non-GAAP gross margin to gross margin reported in accordance with GAAP and non-GAAP operating expense to operating expense reported in accordance with GAAP, please refer to the financial tables accompanying this press release.

Forward-Looking Statements of Bionano Genomics
This press release and the accompanying conference call contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy and plans, and objectives of management for future operations, are forward-looking statements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: our expectations regarding market adoption of our products, our commercial prospects and future financial and operating results, including our full year 2025 and Q4 2025 guidance, and our ability to meet our stated goals and commercial opportunities. Each of these forward-looking statements involves risks and uncertainties. Accordingly, investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. There are a number of important factors that could cause the actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include, but are not limited to: our ability to improve our margins, extend our cash runway and reach a potential pathway to profitability; our ability to continue as a going concern within 12 months of the filing of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, which requires us to manage costs and obtain significant additional financing to fund our strategic plans and commercialization efforts; our ability to execute on our strategy and achieve our objectives; the impact and utility of our cost savings initiative and our recent financing; our ability to continue to drive OGM (as defined above) adoption by potential customers for routine use in genomic analysis; the impact, or lack thereof, of Category I CPT codes to accelerate or increase the adoption of OGM; continued research, presentations and publications involving OGM and its utility compared to traditional cytogenetics and our technologies; the impact of our Stratys™ system and VIA™ software to increase throughput and simplify analysis of OGM data; our ability to drive adoption of OGM and our technology solutions; our ability to further deploy new products and applications for our technology platforms; our expectations and beliefs regarding future growth of the business and the markets in which we operate; our ability to consummate any strategic alternatives including the risk that if we fail to obtain additional financing we may seek relief under applicable insolvency laws; the size and growth potential of the markets for our products, and our ability to serve those markets; the rate and degree of market acceptance of our products; our ability to manage the growth of our business and integrate acquired businesses; our ability to expand our commercial organization to address effectively existing and new markets that we intend to target; the impact from future regulatory, judicial, and legislative changes or developments in the U.S. and foreign countries; our ability to compete effectively in a competitive industry; the introduction of competitive technologies or improvements in existing technologies and the success of any such technologies; the performance of our third-party contract sales organizations, suppliers and manufacturers; our ability to attract and retain key scientific or management personnel; the accuracy of our estimates regarding expenses, future revenues, reimbursement rates, capital requirements and needs for additional financing; the impact of adverse geopolitical and macroeconomic developments, such as recent and future bank failures, the ongoing conflicts between Ukraine and Russia and in the Middle East, and related sanctions, regional or global pandemics, inflation, tariffs, increased cost of goods, supply chain issues, and global financial market conditions; on our business and operations, as well as the business or operations of our suppliers, customers, manufacturers, research partners and other third parties with whom we conduct business and our expectations with respect to the duration of such impacts and the resulting effects on our business; our ability to realize the anticipated benefits and synergies of our prior and any future acquisitions or other strategic transactions; our ability to attract collaborators and strategic partnerships; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Form 10-Q and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as may be required by law.

CONTACTS
Company Contact:
Erik Holmlin, CEO
Bionano Genomics, Inc.
+1 (858) 888-7610
eholmlin@bionano.com

Investor Relations:
Kelly Gura
Gilmartin Group
+1 (212) 229-6163
IR@bionano.com

 
BIONANO GENOMICS, INC
Condensed Consolidated Balance Sheet (Unaudited)
  (Unaudited)    
  September 30,
2025
  December 31,
2024
Assets      
Current assets:      
Cash and cash equivalents $ 3,065,000     $ 9,173,000  
Investments   18,516,000       302,000  
Accounts receivable, net   4,526,000       4,752,000  
Inventory   7,049,000       11,121,000  
Prepaid expenses and other current assets   5,378,000       3,141,000  
Restricted investments   10,266,000       11,000,000  
Total current assets   48,800,000       39,489,000  
Restricted cash         400,000  
Property and equipment, net   16,172,000       19,219,000  
Operating lease right-of-use asset   3,497,000       1,804,000  
Financing lease right-of-use asset   3,146,000       3,299,000  
Intangible assets, net   5,685,000       9,705,000  
Other long-term assets   1,762,000       2,754,000  
Total assets $ 79,062,000     $ 76,670,000  
       
Liabilities and stockholders’ equity      
Current liabilities:      
Accounts payable $ 5,990,000     $ 6,962,000  
Accrued expenses   4,706,000       5,641,000  
Contract liabilities   1,180,000       1,128,000  
Operating lease liability   1,025,000       2,991,000  
Finance lease liability   251,000       260,000  
Convertible debentures payable (at fair value)   9,825,000       20,362,000  
Total current liabilities   22,977,000       37,344,000  
Operating lease liability, net of current portion   2,599,000       145,000  
Finance lease liability, net of current portion   3,495,000       3,539,000  
Long-term contract liabilities   192,000       267,000  
Total liabilities   29,263,000       41,295,000  
Stockholders’ equity:      
Common stock   1,000        
Preferred Stock          
Additional paid-in capital   761,479,000       728,573,000  
Accumulated deficit   (711,687,000 )     (693,225,000 )
Accumulated other comprehensive income (loss)   6,000       27,000  
Total stockholders’ equity   49,799,000       35,375,000  
Total liabilities and stockholders’ equity $ 79,062,000     $ 76,670,000  
               

Bionano Genomics, Inc.
Condensed Consolidated Statement of Operations (Unaudited)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2025       2024       2025       2024  
Revenue:              
Product revenue $ 6,934,000     $ 6,021,000     $ 19,248,000     $ 19,359,000  
Service and other revenue   433,000       52,000       1,309,000       3,254,000  
Total revenue   7,367,000       6,073,000       20,557,000       22,613,000  
Cost of revenue:              
Cost of product revenue   3,842,000       14,251,000       10,044,000       23,858,000  
Cost of service and other revenue   155,000       268,000       727,000       1,792,000  
Total cost of revenue   3,997,000       14,519,000       10,771,000       25,650,000  
Operating expenses:              
Research and development   2,844,000       4,717,000       8,145,000       21,329,000  
Selling, general and administrative   9,064,000       9,464,000       26,444,000       40,109,000  
Intangible assets and other long-lived assets impairment         19,504,000             19,951,000  
Restructuring costs         1,770,000             7,616,000  
Total operating expenses   11,908,000       35,455,000       34,589,000       89,005,000  
Loss from operations   (8,538,000 )     (43,901,000 )     (24,803,000 )     (92,042,000 )
Other income (expenses):              
Interest income   268,000       376,000       835,000       1,876,000  
Other income (expense)   (219,000 )     (697,000 )     5,538,000       (1,694,000 )
Total other income (expense)   49,000       (321,000 )     6,373,000       182,000  
Loss before income taxes   (8,489,000 )     (44,222,000 )     (18,430,000 )     (91,860,000 )
Provision for income taxes   (14,000 )     (24,000 )     (32,000 )     (32,000 )
Net loss $ (8,503,000 )   $ (44,246,000 )   $ (18,462,000 )   $ (91,892,000 )
                               

Bionano Genomics, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2025       2024       2025       2024  
GAAP gross margin:              
GAAP revenue $ 7,367,000     $ 6,073,000     $ 20,557,000     $ 22,613,000  
GAAP cost of revenue   3,997,000       14,519,000       10,771,000       25,650,000  
GAAP gross profit   3,370,000       (8,446,000 )     9,786,000       (3,037,000 )
GAAP gross margin %   46 %     (139 )%     48 %     (13 )%
               
Non-GAAP gross margin:              
GAAP revenue $ 7,367,000     $ 6,073,000     $ 20,557,000     $ 22,613,000  
GAAP cost of revenue   3,997,000       14,519,000       10,771,000       25,650,000  
Stock-based compensation expense   (31,000 )     (82,000 )     (108,000 )     (338,000 )
COGS restructuring         (139,000 )           (157,000 )
Impairment and disposal of reagent rentals and inventory         (9,822,000 )           (9,822,000 )
Non-GAAP cost of revenue   3,966,000       4,476,000       10,663,000       15,333,000  
Non-GAAP gross profit   3,401,000       1,597,000       9,894,000       7,280,000  
Non-GAAP gross margin %   46 %     26 %     48 %     32 %
               
GAAP operating expense              
GAAP selling, general and administrative expense $ 9,064,000     $ 9,464,000     $ 26,444,000     $ 40,109,000  
Stock-based compensation expense   (768,000 )     (1,675,000 )     (2,948,000 )     (5,732,000 )
Intangible asset amortization   (1,340,000 )     (1,713,000 )     (4,020,000 )     (5,219,000 )
Change in fair value of contingent consideration         5,774,000             10,890,000  
Transaction related expenses               (126,000 )      
Loss on disposals                      
Non-GAAP selling, general and administrative expense   6,956,000       11,850,000       19,350,000       40,048,000  
GAAP research and development expense $ 2,844,000     $ 4,717,000     $ 8,145,000     $ 21,329,000  
Stock-based compensation expense   (142,000 )     (445,000 )     (552,000 )     (1,730,000 )
Non-GAAP research and development expense   2,702,000       4,272,000       7,593,000       19,599,000  
GAAP intangible assets and other long-lived assets impairment $     $ 19,504,000     $     $ 19,951,000  
Intangible assets, and other long-lived assets impairment         (19,504,000 )           (19,951,000 )
Non-GAAP intangible assets and other long-lived assets impairment                      
GAAP restructuring costs $     $ 1,770,000     $     $ 7,616,000  
Restructuring costs         (1,770,000 )           (7,616,000 )
Non-GAAP restructuring costs                      
Total non-GAAP operating expense $ 9,658,000     $ 16,122,000     $ 26,943,000     $ 59,647,000  
               

Legend Biotech Celebrates Official Opening of New State-of-the-Art Cell Therapy Research and Development Facility in Philadelphia

Legend Biotech Celebrates Official Opening of New State-of-the-Art Cell Therapy Research and Development Facility in Philadelphia




Legend Biotech Celebrates Official Opening of New State-of-the-Art Cell Therapy Research and Development Facility in Philadelphia

31,000-square-foot site expands Legend’s U.S. R&D footprint and strengthens its position as a global leader in cell therapy innovation

The facility will support CAR-T R&D in potential oncology and immunology indications

A Media Snippet accompanying this announcement is available by clicking on this link.

SOMERSET, N.J., Nov. 13, 2025 (GLOBE NEWSWIRE) — Legend Biotech Corporation (NASDAQ: LEGN) (Legend Biotech), a U.S.-based global leader in cell therapy, today announced the official opening and ribbon cutting of its new, state-of-the-art research and development (R&D) facility in Philadelphia, Pennsylvania.

Located at 2300 Market Street, the 31,000-square-foot facility is now fully operational and will support Legend’s expanding pipeline of next-generation cell therapies. The site features cutting-edge laboratories and collaborative workspaces designed to foster innovation and accelerate research programs across Legend’s oncology and immunology portfolios.

“This new facility marks an exciting milestone for Legend Biotech as we continue to invest in our future and strengthen our leadership in cell therapy innovation,” said Ying Huang, Ph.D., Chief Executive Officer of Legend Biotech. “We are proud to officially open our doors in Philadelphia, a world-class hub for life sciences, where we can attract top-tier talent, collaborate with premier research institutions, and advance our mission to bring transformative therapies to patients.”

The Philadelphia R&D center expands Legend’s American presence, which includes over 1,400 employees in the United States. The site will employ approximately 55 full-time team members and complements Legend’s existing R&D presence in Piscataway, New Jersey. Headquartered in Somerset, N.J., Legend also has manufacturing activities in Raritan and Morris Plains, N.J.

“The opening of our new facility represents an exciting new chapter for our research organization,” said Guowei Fang, Ph.D., President of Research and Development at Legend Biotech. “Our Philadelphia team will play a critical role in advancing our sustainable pipeline of innovative cell therapies, while strengthening collaborations within one of the nation’s most dynamic biotech ecosystems.”

Local officials, academic partners, patient advocacy groups, and members of the Philadelphia biotech community gathered with Legend Biotech leadership to celebrate the ribbon-cutting ceremony and tour the new facility.

“Legend Biotech’s decision to expand its R&D footprint in Philadelphia reflects the strength and momentum of our city’s life sciences ecosystem,” said Dr. Rebecca L. Grant, Director of Life Sciences & Innovation for the City of Philadelphia’s Department of Commerce. “Philadelphia is home to world-class scientific talent and research institutions, and we are proud to welcome an organization committed to pioneering therapies that change patient lives. We look forward to supporting Legend Biotech as they grow here and contribute to the continued advancement of cell and gene therapy innovation in our city.”

“Philadelphia continues to be a magnet for innovation and scientific excellence,” said Chris Molineaux, CEO of Life Sciences Pennsylvania. “We are thrilled to welcome Legend Biotech to our city’s thriving life sciences community. Their investment brings high-quality jobs, research opportunities, and further reinforces Philadelphia’s growing reputation as a global leader in healthcare innovation.”

About Legend Biotech
With over 2,900 employees, Legend Biotech is the largest standalone cell therapy company and a pioneer in treatments that change cancer care forever. The company is at the forefront of the CAR-T cell therapy revolution with CARVYKTI®, a one-time treatment for relapsed or refractory multiple myeloma, which it develops and markets with collaborator Johnson & Johnson. To date, CARVYKTI has been administered to over 9,000 patients with multiple myeloma at 132 treatment centers spanning 44 states across the U.S. Headquartered in the US, Legend is building an end-to-end cell therapy company by expanding its leadership to maximize CARVYKTI’s patient access and therapeutic potential. From this platform, the company plans to drive future innovation across its pipeline of cutting-edge cell therapy modalities.

Learn more at www.legendbiotech.com and follow us on LinkedIn.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to Legend Biotech’s strategies and objectives, and the potential benefits of Legend Biotech’s product candidates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Legend Biotech’s expectations could be affected by, among other things, uncertainties involved in the development of new pharmaceutical products; unexpected clinical trial results, including as a result of additional analysis of existing clinical data or unexpected new clinical data; unexpected regulatory actions or delays, including requests for additional safety and/or efficacy data or analysis of data, or government regulation generally; unexpected delays as a result of actions undertaken, or failures to act, by our third-party partners; uncertainties arising from challenges to Legend Biotech’s patent or other proprietary intellectual property protection, including the uncertainties involved in the U.S. litigation process; government, industry, and general product pricing and other political pressures; as well as the other factors discussed in the “Risk Factors” section of Legend Biotech’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 11, 2025. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this press release as anticipated, believed, estimated, or expected. Any forward-looking statements contained in this press release speak only as of the date of this press release. Legend Biotech specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

INVESTOR CONTACT:
Jessie Yeung
Tel: (732) 956-8271
jessie.yeung@legendbiotech.com

PRESS CONTACT:
Alexandra Ventura
Tel: (732) 850-5598
media@legendbiotech.com

Ramsay Sante : Interim results at the end of September 2025

Ramsay Sante : Interim results at the end of September 2025




Ramsay Sante : Interim results at the end of September 2025

        PRESS RELEASE
                Paris, 13th November 2025

Interim results at the end of September 2025

Revenue growth of 2.6% and Group EBITDA up 6.5% despite
reduction in public funding; resilient operating performance

Activity growth and cost control compensate constrained funding

  • Unaudited group revenue for the quarter ending 30 September 2025 increased by 2.6% to 1.21bn€ supported by activity volume growth, price indexation in Sweden and favourable foreign exchange movements. Revenue growth of 1.9% on a like-for-like basis.
  • Acute hospitals admission volume growth in France and Sweden despite 1 less business day this quarter compared to the same period last year, reflecting sustained patient need for healthcare and the capacity of the group’s facilities to provide more quality care services in a competitive landscape.
  • Unaudited group EBITDA for the quarter ending 30 September 2025 increased 7m€ or 6.5% to 112m€, despite the end of the French revenue guarantee curtailing subsidies income by 7m€. Cost inflation remains underfunded by governments and continues to outstrip revenue rates indexation. Recent decision on imaging tariffs in France shows that pressure on price of services fixed by public payors will remain a key challenge.
  • This increase in EBITDA is mainly due to a strong performance in Sweden where all our activities, especially primary care, contributed to the growth.
  • Operational performance sustained through continued cost saving efforts on administrative costs and agency staff, productivity improvements from staffing levels better matching activity volumes and optimizing procurement costs. The portfolio of facilities is continuously reviewed to adjust specialty offering within our geographical clusters to local constraints, needs and opportunities and to enhance the quality of healthcare services to the population they care for.
  • Net financial debt as of 30 September 2025 amounted to €3,819m, including €1,867m of IAS17 (pre-IFRS16) net debt. Pre-IFRS16 unaudited net leverage amounts to 5.2x as of September 2025 vs. 5.3x as of September 2024.

Mission-led strategy drives tangible profitable growth and medical excellence

  • The implementation of new models of care continues in France, notably through the expansion of day hospitals in medicine, closely aligned with patients’ healthcare needs.
  • Further progress was made to develop out of hospital and outpatient activities with the opening of 2 primary care centres in Norway based on a new public partnership model, 2 new mental health outpatient settings in France (10 as of today), and the set-up of a new imaging heavy equipment in France during the quarter. Concomitantly, the integration of the former Cosem primary care in France is progressing well as an enabler of our objective to coordinate care pathways where we operate.

Activity and revenue:

Ramsay Santé Group reported a consolidated revenue of €1,207m for the quarter ending 30 September 2025, up 2.6% on a reported basis. Adjusted for changes in the consolidation scope and at constant currency exchange rates, revenue for the period was up with a 1.9% organic sales growth.

France revenue has grown by 1.4% (1.9% on a like-for-like basis) on the back of increased volumes, despite one less business day this quarter compared to last year, and including the +0.5% indexation of MSO tariffs since March 2025.   France hospital admissions in our hospitals rose vs. the same quarter last year, mainly through a +2.0% increase in MSO (medicine, surgery and obstetrics) patient stays driven by a +3.5% increase in ambulatory care stays.

Nordic countries revenue grew by +2.6% on a like-for-like and constant exchange rate bases, with a reported revenue growth of +5.4% benefitting from 9m€ (or 2.6%) favourable foreign exchange rate fluctuations (appreciation of SEK vs EUR on average vs the same quarter last year). Solid organic growth in Sweden underpinned by primary care activity benefitting from a long-term increasing trend of listed patients as well as growing volumes in St Göran with a reducing length of stay. Softer activity in Denmark primary care units whilst the Danish hospitals revenue stabilised following the merger and consolidation of our facilities in Copenhagen.

EBITDA:

EBITDA increased 7m€ or 6.5% to 112m€ for the quarter ending 30 September 2025 vs. the prior corresponding period. The Group’s EBITDA growth has been negatively impacted by the end of the French government’s revenue guarantee from 1 January 2025, representing a 7m€ shortfall vs. the same quarter last year. Funding otherwise received through French tariff increases and various public payors in the Nordics still only partially covered inflation from medical staff salary and wages as well as overall procurement and outsourced services price increases, putting pressure on operating margins.   Productivity efforts and cost control across all geographies already initiated last year have been reinforced and allowed the Group operations to offset cost inflation, growing EBITDA by 7m€ and improving EBITDA margin by 0.3 pts. The corresponding actions range from increasing staffing productivity, optimising medical purchases and consumption, to saving on administrative costs and carefully adjusting hiring structure (eg. agency staff), while also pursuing revenue development initiatives such as in day medicine and imaging activities.

Reported EBITDA of 112m€ for the quarter ending 30 September 2025 in accordance with IFRS16 excludes contracted lease expenses for 69m€ (vs. 66m€ last year) which are instead recorded as amortisation of the right-of-use asset and interest on the lease debt. The increase in the lease accounting impact vs. prior year primarily came from the effect of rents indexation and the impact of a stronger SEK vs the EUR this quarter for c. 0,6m€.

Cash flow & financing:

Net cash flow from operating activities of -44m€ in this quarter reflects the lower seasonality of our medical, surgical and obstetrical activities over the summer months, and its 13m€ decrease versus -31m€ in the prior corresponding period primarily arises from the negative working capital variation linked to the repayment of French government cash advances over the summer. These were extended in April and May both in 2024 and 2025 to compensate the billing hold caused by the late publication of French DRG tariffs in each year. However, their repayment over the July to September period was higher in this years’ quarter, driving the decrease in working capital variation vs. last year’s comparable quarter.

Reported net financial debt as of 30 September 2025 amounted to 3,819m€, of which 1,867m€ on a restated basis (i.e. restated from the IFRS16 impact on operating or non-financial rents). Restated net leverage amounts to 5.2x as of September 2025, vs. 5.3x as of September 2024. Focus remains on cash flow generation through operational efficiency and working capital improvement.

Pascal Roché, CEO of Ramsay Santé says:

“At Ramsay Santé, our purpose – Improving health through constant innovation – is at the heart of everything we do, and we continue implementing the Company’s ‘Yes We Care 2025’ strategy of providing integrated care services to patients across all populations throughout the entire care pathways to deliver on our mission. Despite funding pressures headwinds from government payors, disciplined cost management and focus on productivity have lifted operating profitability in the first quarter of this new financial year. We have achieved an EBITDA growth of 6,5% and an EBITDA margin improvement of                       0,3 pts with an organic revenue growth of 1,9 %. We will continue to transform Ramsay Santé as a partner of choice for patients, doctors, staff and other stakeholders whilst ensuring its sustainable and profitable growth.”

The Board of Directors that met on 13 November 2025 approved this unaudited trading update for the quarter ended 30 September 2025.

About Ramsay Santé

Ramsay Santé is the leader in private hospitalisation and primary care in Europe. The Group has 38,000 employees and works with nearly 9,300 practitioners to treat more than 12 million patients per year in its 465 facilities and 5 countries: France, Sweden, Norway, Denmark and Italy. Ramsay Santé offers almost all medical and surgical specialities in three domains: Medicine, Surgery, Obstetrics (MSO), Follow-up Care and Rehabilitation (FCR) and Mental Health. 

Legally, Ramsay Santé is a mission-driven company committed to constantly improving the health of all patients through innovation. Wherever it operates, the Group contributes to public health service missions and the healthcare network. Through its actions and the constant dedication of its teams, Ramsay Santé is committed to ensuring the entire patient care journey, from prevention to follow-up care. 

Every year, the group invests over 200 million euros to support the evolution and diversity of care pathways, in medical, hospital, digital, and administrative aspects. Through this commitment, our Group enhances access to care for all, commits to provide best-in-class healthcare, systematically engages in dialogue with stakeholders and strives to protect the planet to improve health. 

Facebook: https://www.facebook.com/RamsaySante 
Instagram: https://www.instagram.com/ramsaysante 
Twitter: https://twitter.com/RamsaySante 
LinkedIn: https://www.linkedin.com/company/ramsaysante 
YouTube: https://www.youtube.com/c/RamsaySante 

Code ISIN and Euronext Paris: FR0000044471 
Website:  www.ramsaysante.fr 

Investor / Analyst Relations        Press Relations

Clément Lafaix        Brigitte Cachon
Tél. +33 1 87 86 21 52        Tél. +33 1 87 86 22 11
clement.lafaix@ramsaysante.fr        brigitte.cachon@ramsaysante.fr

Summary of unaudited results as at 30 September 2025

Changes in revenue between 30 September 2025 vs. previous corresponding period in €m

Reported revenue
September 30, 2024
Changes in FX rates Acquisitions and disposals Organic growth Reported revenue
September 30, 2025
Variation
1,175.7 9.3 (0.6) 22.4 1,206.8 31.1
  0.8% (0.1) % 1.9%   +2.6%

Restated aggregates from the IFRS16 impact on operating rents

€ millions

  September 30, 2025   September 30, 2024   Δ
Reported Restatement impact Restated Reported Restatement impact Restated Restatement impact
EBITDA
% of revenue
  112.3
9.3%
69.2

43.1
3.6%
  105.4
9.0%
66.2

39.2
3.3%
  3.0

Depreciation & amortisation (108.9) (55.5) (53.4) (107.9) (52.4) (55.5) (3.1)
Current operating profit 3.4 13.7 (10.3) (2.5) 13.8 (16.3) (0.1)
Financial result (46.5) (17.9) (28.6) (52.5) (18.6) (33.9) 0.7
Net result (38.8) (2.5) (36.3) (45.4) (3.5) (41.9) 1.0

Profit & Loss Statement

P&L – in € millions From July 1, 2025 to
September 30, 2025
From July 1, 2024 to
September 30, 2024
Variation
Revenue 1,206.8 1,175.7 +2.6%
EBITDA 112.3 105.4 +6.5%
As a % of revenue 9.3% 9.0% +0.3 pts
Current Operating Result 3.4 (2.5) n.a.
As a % of revenue 0.3% (0.2) % +0.5 pts
Operating Profit 0.9 (1.9) +7.8%
As a % of revenue 0.1% (0.2) % +0.3 pts
Net result attributable to owners of the Company (40.1) (47.3) +15.2%

Net financial debt

Net Financial Debt – in € millions September 30, 2025 June 30, 2025
Non-current borrowings and debt 1,903.3 1,841.2
Non-current lease debt 1,837.2 1,890.5
Current lease debt 266.8 268.7
Current borrowings and debt 64.0 61.0
(Cash and cash equivalents) (202.9) (366.5)
Other financial (assets) & liabilities (49.3) (47.4)
Net financial debt 3,819.1 3,647.5

Cash flow Statement

Cash Flow Statement – in € millions From July 1, 2025 to
September 30, 2025
From July 1, 2024 to
September 30, 2024
EBITDA (a) 112.3 105.4
Changes in working capital (b) (143.2) (123.6)
Other items (c) (12.6) (12.8)
Net cash flow from operating activities (a)+(b)+(c) (43.5) (31.0)
Net cash flow from investing activities (43.0) (33.4)
Net cash flow from financing activities (77.1) (186.1)
Change in net cash position (163.6) (250.5)
FX translation differences on cash and cash equivalents 1.2
Opening cash and cash equivalents 366.5 359.0
Closing cash and cash equivalents 202.9 109.7

Glossary

  • Constant perimeter, or like-for-like comparison
    • The cancelation of incoming entities consists in:
      • for entries in the current year’s scope, deducting the contribution of the acquisition on the current year’s aggregates;
      • for entries in the previous year’s scope, deducting in the current year’s aggregates, the contribution of the acquisition prior to the month of acquisition.
    • The cancelation of outgoing entities consists in:
      • for exits in the current year’s scope, deducting in the previous year’s aggregates, the contribution of the exiting entity from the month of exit;
      • for exits in the previous year, deducting the contribution of the exiting entity for the entire previous year’s aggregates.
  • The change at constant exchange rates reflects a change after translation of the current period’s foreign currency figure at the exchange rates of the comparative period.
  • The change on a constant accounting basis reflects a change in the figure excluding the impact of changes in accounting standards during the period.
  • Current operating profit refers to operating profit before other non-recurring income and expenses consisting of restructuring costs (charges and provisions), gains or losses on disposals or significant and unusual impairments of non-current assets, whether tangible or intangible, and other unusual operational income and expenses.
  • EBITDA corresponds to current operating profit before depreciation (expenses and provisions in the income statement are grouped according to their nature).
  • Net financial debt is gross financial debt less financial assets.
    • The gross financial debts are made up of:
      • borrowings from credit institutions, including interest incurred;
      • lease liabilities falling within the scope of IFRS 16;
      • fair value of hedging instruments recorded in the balance sheet, net of tax;
      • current financial debt relating to financial current accounts with minority investors;
      • bank overdrafts.
    • Financial assets consist of:
      • the fair value of hedging instruments recorded in the balance sheet, net of tax;
      • current financial receivables relating to financial current accounts with minority investors;
      • Cash and cash equivalents, including treasury shares held by the Group (considered as marketable securities);
      • financial assets directly related to the loans contracted and recognized in gross financial debt.
  • Restated aggregates are calculated based on reported aggregates that have been restated from the IFRS16 impact on operating rents or non-financial rents (but not from the IFRS16 impact on leasing and lease financing that is still included). As an illustration:
    • Restated EBITDA includes operating rents or non-financial rents (as compared with reported EBITDA)
    • Restated Net Debt does not include current and non-current lease debt linked to operating rents or non-financial rents (as compared with the reported Net Debt)
    • Restated net leverage ratio derives from restated Net Debt and restated LTM EBITDA

Attachment

Persephone Biosciences Announces Topline Results from AMBROSIA Food as Medicine Study with Kroger Health

Persephone Biosciences Announces Topline Results from AMBROSIA Food as Medicine Study with Kroger Health




Persephone Biosciences Announces Topline Results from AMBROSIA Food as Medicine Study with Kroger Health

– AMBROSIA is the largest study to evaluate the impact of Medical Nutrition Therapy (MNT) on diet quality and the gut microbiome, with 546 participants enrolled –

– Topline results from the study identified three enterotypes, one of which was associated with increased BMI and poorer diet, and demonstrated that MNT can successfully improve microbiome composition and enable patients to switch enterotypes –

– The U.S.-based study was run in collaboration with Kroger Health, the healthcare division of The Kroger Co –

SAN DIEGO, Nov. 13, 2025 (GLOBE NEWSWIRE) — Persephone Biosciences, a pioneering biotech company focused on unlocking the potential of the microbiome to impact human health, today announced topline results from its AMBROSIA Food as Medicine clinical study (NCT06091813), which was run in collaboration with Kroger Health to investigate how the microbiome is impacted by diet and lifestyle factors. Topline results from the study identified three enterotypes, one of which was associated with increased BMI and poorer diet and demonstrated that Medical Nutritional Therapy (MNT) can successfully improve microbiome composition, enabling subjects to switch enterotypes.

“We’re thrilled to have completed the AMBROSIA study, the largest study to evaluate the impact of Medical Nutrition Therapy on diet quality and the gut microbiome. I would like to express my deep gratitude to the participants, and to Kroger Health for joining with us in this groundbreaking study,” said Stephanie Culler, CEO and Co-founder of Persephone Biosciences. “While the role of gut microbes in human health, and the impact of diet on microbiome composition, has been recognized for decades, today’s study finally brings us closer to understanding that complex interaction.”

Culler continued: “In the AMRBOSIA study, we were able to demonstrate that Medical Nutrition Therapy can help patients rebuild and improve their microbiome composition by switching enterotypes, which could in turn lead to better health outcomes. Further research could validate this and unlock opportunities to offer testing options at retail to support customers’ health and wellness journeys.”

AMBROSIA is the largest study to date evaluating the impact of MNT on diet quality and the gut microbiome. 546 participants aged between 18-64 years old at high risk of colorectal cancer (CRC) were enrolled in the study. Subjects were allowed to enroll if they have had previous colonoscopy findings, were in remission from CRC, or if they had any of the following three conditions: they were obese or overweight; a parent or sibling had developed colon cancer; or they had been a smoker for 10 or more years.

Subjects were randomized across two arms in equal number. Subjects in the first cohort underwent MNT for a period of 4 months, while subjects in the second cohort received no directed dietary modifications and are referred to as the control group. Microbiome composition and diet score were evaluated at baseline and again after 4 months.

Results

  • Microbiome analysis indicates that participants fall into one of three general categories (enterotypes), each of which is characterized by a high concentration of different bacterial species.
  • Enterotype 3, which is dominated by the genus Prevotella, was found to be associated with higher body mass index (BMI), lower diet score, and lower microbial diversity.
  • At four months, the MNT cohort had higher final diet scores and higher movement between enterotypes than the control cohort.
  • Furthermore, the study found that the number of MNT visits and the percentage of goals attained were found to be directly correlated with diet score.
  • Functional analysis also demonstrated that each enterotype is enriched in gene functions enabling consumption of a particular type of fiber. Based on this, Persephone hypothesizes that no enterotype is inherently unhealthy, but rather that each enterotype is best suited for a particular diet.
  • Importantly, these findings point to benefits of incorporating MNT, coupled with microbiome analysis, into personalized nutrition, to potentially lead to better health outcomes.

“Kroger Health is excited to share topline results from the AMBROSIA study, alongside Persephone Biosciences, an investment we made as part of our commitment to advancing Food as Medicine as one of our health initiatives,” said Jim Kirby, Chief Commercial Officer, Kroger Health. “Having demonstrated the positive benefits to the microbiome of providing one-on-one virtual nutrition coaching visits, we would love to use this information to unlock new avenues for personalized healthcare and, potentially, improved well-being for all.”

According to the CDC, colorectal cancer is one of the leading killers in the U.S., of cancers that affect both men and women. Approximately nine out of ten people whose colorectal cancers are found early and treated appropriately are still alive five years later. A growing body of evidence shows the bacteria living in the gut may influence an individual’s risk of developing colorectal cancer; the data collected from the AMBROSIA trial will additionally be used to assess the extent to which this is true.

About Persephone Biosciences
Persephone is a pioneering biotech company reimagining infant and patient health using rigorous clinical research to unlock the potential of the gut microbiome to prevent and treat disease. Persephone is backed by notable investors including Y Combinator, Fifty Years, Susa Ventures, American Cancer Society’s BrightEdge Fund, Pioneer Fund, First Bight Ventures, Propel Bio Partners, Ocampo Capital, Mesa Verde Partners and Capita3. Our My Baby Biome study uncovered the widespread gaps in modern infant gut health. Learn more at www.persephone.bio.

Investor Contact

Laurence Watts

laurence@newstreetir.com

Kura Oncology and Kyowa Kirin Announce FDA Approval of KOMZIFTI™ (ziftomenib), the First and Only Once-Daily Targeted Therapy for Adults with Relapsed or Refractory NPM1-Mutated Acute Myeloid Leukemia

Kura Oncology and Kyowa Kirin Announce FDA Approval of KOMZIFTI™ (ziftomenib), the First and Only Once-Daily Targeted Therapy for Adults with Relapsed or Refractory NPM1-Mutated Acute Myeloid Leukemia




Kura Oncology and Kyowa Kirin Announce FDA Approval of KOMZIFTI™ (ziftomenib), the First and Only Once-Daily Targeted Therapy for Adults with Relapsed or Refractory NPM1-Mutated Acute Myeloid Leukemia

NPM1 mutations, one of the most common genetic drivers of AML, are now actionable for patients –

– Acute unmet need in R/R NPM1-mutated AML defined by historically poor outcomes and low survival rates at relapse –

– FDA grants full approval of KOMZIFTI ahead of PDUFA target action date –

– Approval is based on the KOMET-001 trial, in which KOMZIFTI demonstrated deep responses, a potentially best-in-class safety profile, once-daily administration, and ease of co-administration with common supportive medications in adult patients with R/R NPM1-mutated AML –

– KOMZIFTI approval granted with no Boxed Warning related to QTc prolongation or Torsades de Pointes –

– Kura Oncology will host a conference call on November 13, 2025, at 12:30 pm ET / 9:30 am PT –

SAN DIEGO and TOYKO, Nov. 13, 2025 (GLOBE NEWSWIRE) — Kura Oncology, Inc. (Nasdaq: KURA) and Kyowa Kirin Co., Ltd. (TSE: 4151) today announced the U.S. Food and Drug Administration (FDA) has granted full approval of KOMZIFTI™ (ziftomenib) for adult patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible NPM1 mutation who have no satisfactory alternative treatment options. KOMZIFTI is the first and only once-daily, oral menin inhibitor approved for R/R NPM1-mutated (NPM1-m) AML, a devastating blood cancer with limited treatment options.

“KOMZIFTI combines compelling efficacy, a favorable safety profile, compatibility with concomitant medications, and convenient once-daily oral administration in a population with few effective treatment options. These features highlight KOMZIFTI’s potential to serve as the menin inhibitor of choice in its approved indication,” said Troy Wilson, Ph.D., J.D., President and Chief Executive Officer of Kura Oncology. “Together with our partner, Kyowa Kirin, we remain committed to advancing development of KOMZIFTI across the treatment continuum for AML, where its best-in-class profile offers potential for even greater impact in combination regimens and earlier lines of therapy. We are fully prepared to launch KOMZIFTI today and deliver this new medicine to patients in need.”

KOMZIFTI Packaging

NPM1 mutations are among the most common founder mutations in AML, occurring in approximately 30% of cases. Historically, approximately 20% of patients with NPM1-m AML do not respond to front-line therapy. Of those who do respond, 70% will relapse within 3 years, most within 12 months. Early relapse and declining survival with each recurrence underscore the urgent need for treatment approaches that deliver lasting remission.

Approval is supported by the pivotal KOMET-001 trial (NCT04067336), which evaluated KOMZIFTI’s safety and efficacy in 112 R/R NPM1-m AML patients. The rate of complete remission (CR) plus CR with partial hematologic recovery (CRh) was 21.4% (95% CI: 14.2, 30.2). The median duration of CR+CRh was 5.0 months (95% CI: 1.9, 8.1) and the median time to first response in patients who achieved a CR or CRh was 2.7 months (range: 0.9 to 15 months). 88% of patients who achieved CR or CRh did so within 6 months of initiating KOMZIFTI. These data from the Prescribing Information are generally consistent with findings recently published in the Journal of Clinical Oncology.1

“KOMZIFTI addresses a critical need for adult patients with R/R NPM1-m AML, many of whom are older and unable to tolerate intensive chemotherapy or transplant,” said Eunice Wang, M.D., Chief of the Leukemia Service and Professor of Oncology at Roswell Park Comprehensive Cancer Center. “The clinical data demonstrate deep and durable responses with a manageable safety profile, including no drug-drug interactions and no Boxed Warnings for QTc prolongation or Torsades de Pointes – key advantages for patients on multiple concurrent medications. This approval equips physicians with a new oral therapy to integrate into care and improve outcomes for this vulnerable patient population.”

The most common adverse reactions (≥20%), including laboratory abnormalities, were aspartate aminotransferase increased, infection without an identified pathogen, potassium decreased, albumin decreased, alanine aminotransferase increased, sodium decreased, creatinine increased, alkaline phosphatase increased, hemorrhage, diarrhea, nausea, fatigue, edema, bacterial infection, musculoskeletal pain, bilirubin increased, potassium increased, differentiation syndrome, pruritus, febrile neutropenia, and transaminases increased. KOMZIFTI includes a Boxed Warning for differentiation syndrome, a well-studied mechanism-based risk in drugs that restore differentiation. Absence of clinically meaningful drug-drug interactions can ease the use of KOMZIFTI with concomitant therapies, including those that cause QTc interval prolongation. QTc interval prolongation was ≤ Grade 3 in 12% of patients and no Grade 4 or Grade 5 QTc interval prolongation was reported. QTc interval prolongation of any cause occurred in 10% of the 70 patients 65 years of age or older.

“The approval of KOMZIFTI underscores our commitment to advancing precision medicines to address the genetic drivers of disease in hematology and oncology,” said Takeyoshi Yamashita, Ph.D., Executive Vice President and Chief Medical Officer of Kyowa Kirin. “In AML, where many patients face severe disease progression and limited treatment options, the evolution toward targeted therapies such as KOMZIFTI represents a major step forward and offers potential to transform existing standards of care. We are proud to partner with Kura Oncology in bringing this important therapy to patients and their families.”

In November 2024, Kura Oncology and Kyowa Kirin entered into a global strategic collaboration to develop and commercialize KOMZIFTI. The collaboration builds on Kyowa Kirin’s leadership and expertise in hematologic malignancies. Under the terms of the collaboration, Kura leads development, regulatory and commercial strategy in the U.S. and is responsible for manufacturing KOMZIFTI. The companies will jointly perform certain commercialization activities in accordance with a co-created U.S. territory commercialization plan. Outside the U.S., Kyowa Kirin leads development, regulatory and commercial strategy and is responsible for commercializing KOMZIFTI.

As part of its commitment to helping patients access KOMZIFTI, Kura has established a support program, Kura RxKonnect, to minimize barriers to access and reimbursement for appropriate patients prescribed KOMZIFTI. Kura RxKonnect is available 8:00 am – 8:00 pm ET by phone at (844) KuraPSP (844-587-2777) or online at www.KuraRxKonnect.com.

Conference Call and Webcast
Kura will host a conference call and webcast featuring Company management and guest speaker Eunice Wang, M.D., Chief of the Leukemia Service and Professor of Oncology at Roswell Park Comprehensive Cancer Center, at 12:30 pm ET / 9:30 am PT on November 13, 2025. The live webcast and replay will be available on the Company’s website at www.kuraoncology.com under the Investors tab in the Events and Presentations section.

About KOMZIFTI™
KOMZIFTI (ziftomenib) is an oral menin inhibitor approved for the treatment of adult patients with relapsed or refractory acute myeloid leukemia (AML) with a susceptible NPM1 mutation who have no satisfactory alternative treatment options.

KOMZIFTI is in development for the front-line treatment of AML harboring NPM1 mutations, KMT2A translocations and FLT3 mutations, with the potential to be combined with approved therapies and benefit a broad spectrum of patients earlier in their disease course.

IMPORTANT SAFETY INFORMATION FOR KOMZIFTI FROM THE U.S. PRESCRIBING INFORMATION

Boxed WARNING: DIFFERENTIATION SYNDROME

Differentiation syndrome, which can be fatal, has occurred with KOMZIFTI. Signs and symptoms may include fever, joint pain, hypotension, hypoxia, dyspnea, rapid weight gain or peripheral edema, pleural or pericardial effusions, pulmonary infiltrates, acute kidney injury, and rashes. If differentiation syndrome is suspected, interrupt KOMZIFTI, and initiate oral or intravenous corticosteroids with hemodynamic and laboratory monitoring until symptom resolution; resume KOMZIFTI upon symptom improvement.

WARNINGS AND PRECAUTIONS

Differentiation Syndrome

KOMZIFTI can cause fatal or life-threatening differentiation syndrome (DS). DS is associated with rapid proliferation and differentiation of myeloid cells. Symptoms of DS, including those seen in patients treated with KOMZIFTI, may include fever, hypoxia, joint pain, hypotension, dyspnea, rapid weight gain or peripheral edema, pleural or pericardial effusions, acute kidney injury, and rashes.

In the clinical trial, DS occurred in 29 (26%) of 112 patients with R/R AML with an NPM1 mutation who were treated with KOMZIFTI at the recommended dosage. DS was Grade 3 in 13% and fatal in two patients. In broader evaluation of all patients with any genetic form of AML treated with KOMZIFTI monotherapy in clinical trials, DS occurred in 25% of patients. Four fatal cases of DS occurred out of 39 patients with KMT2A-rearranged AML treated with KOMZIFTI. KOMZIFTI is not approved for use in patients with KMT2A-rearranged AML.

In the 112 patients with an NPM1 mutation, DS was observed with and without concomitant hyperleukocytosis, in as early as 3 days and up to 46 days after KOMZIFTI initiation. The median time to onset was 15 days. Two patients experienced more than one DS event. Treatment was interrupted and resumed in 15 (13%) patients, while it was permanently discontinued in 2 (2%) patients.

Prior to starting treatment with KOMZIFTI, reduce the WBC counts to less than 25 x 10⁹/L. If DS is suspected, interrupt KOMZIFTI, initiate oral or intravenous corticosteroids (e.g., dexamethasone 10 mg every 12 hours) for a minimum of 3 days with hemodynamic and laboratory monitoring. Resume treatment with KOMZIFTI at the same dose level when signs and symptoms improve and are Grade 2 or lower. Taper corticosteroids over a minimum of 3 days after adequate control or resolution of symptoms. Symptoms of DS may recur with premature discontinuation of corticosteroid treatment.

QTc Interval Prolongation

KOMZIFTI can cause QTc interval prolongation. In the clinical trial, QTc interval prolongation was reported as an adverse reaction in 12% of 112 patients treated with KOMZIFTI at the recommended dosage for R/R AML with an NPM1 mutation. QTc interval prolongation was Grade 3 in 8% of patients. The heart-rate corrected QT interval (using Fridericia’s method) (QTcF) was greater than 500 msec in 9% of patients, and the increase from baseline QTcF was greater than 60 msec in 12% of patients. KOMZIFTI dose reduction was required for 1% of patients due to QTc interval prolongation. QTc prolongation occurred in 14% of the 42 patients less than 65 years of age and in 10% of the 70 patients 65 years of age or older.

Correct electrolyte abnormalities, including hypokalemia and hypomagnesemia, prior to treatment with KOMZIFTI. Perform an ECG prior to initiation of treatment with KOMZIFTI, and do not initiate KOMZIFTI in patients with QTcF > 480 msec. Perform an ECG at least once weekly for the first four weeks on treatment, and at least monthly thereafter. Interrupt KOMZIFTI if the QTc interval is > 500 ms or the change from baseline is > 60 ms (Grade 3). In patients with congenital long QTc syndrome, congestive heart failure, electrolyte abnormalities, or those who are taking medications known to prolong the QTc interval, more frequent ECG monitoring may be necessary. Concomitant use of KOMZIFTI with drugs known to prolong the QTc interval may increase the risk of QTc interval prolongation, result in a greater increase in the QTc interval and adverse reactions associated with QTc interval prolongation, including Torsades de Pointes, other serious arrhythmias, and sudden death.

Embryo-Fetal Toxicity

Based on findings in animals and its mechanism of action, KOMZIFTI can cause embryo-fetal harm when administered to a pregnant woman. Advise pregnant women of the potential risk to the fetus. Advise females of reproductive potential to use effective contraception during treatment with KOMZIFTI and for 6 months after the last dose. Advise males with female partners of reproductive potential to use effective contraception during treatment with KOMZIFTI and for 3 months after the last dose.

ADVERSE REACTIONS

Fatal adverse reactions occurred in 4 (4%) patients who received KOMZIFTI, including 2 with differentiation syndrome, 1 with infection, and 1 with sudden death. Serious adverse reactions were reported in 79% of patients who received KOMZIFTI. Serious adverse reactions occurring in ≥ 5% of patients included infection without an identified pathogen (29%), febrile neutropenia (18%), bacterial infection (16%), differentiation syndrome (16%), and dyspnea (6%).

Dosage interruption of KOMZIFTI due to an adverse reaction occurred in 54% of patients. Adverse reactions that required dose interruption in ≥ 2% of patients included infection without an identified pathogen (15%), differentiation syndrome (13%), febrile neutropenia (5%), pyrexia (4%), electrocardiogram QT prolonged (4%), leukocytosis (4%), bacterial infection (3%), cardiac failure (2%), cholecystitis (2%), diarrhea (2%), pruritus (2%), and thrombosis (2%). Dose reduction of KOMZIFTI due to an adverse reaction occurred in 4% of patients. Permanent discontinuation of KOMZIFTI due to an adverse reaction occurred in 21% of patients. Adverse reactions that required permanent discontinuation of KOMZIFTI in ≥ 2% of patients were infection without an identified pathogen (8%), bacterial infection (4%), cardiac arrest (2%), and differentiation syndrome (2%).

Most common (≥ 20%) adverse reactions, including laboratory abnormalities, were aspartate aminotransferase increased (53%), infection without an identified pathogen (52%), potassium decreased (52%), albumin decreased (51%), alanine aminotransferase increased (50%), sodium decreased (49%), creatinine increased (45%), alkaline phosphatase increased (41%), hemorrhage (38%), diarrhea (36%), nausea (35%), fatigue (34%), edema (30%), bacterial infection (28%), musculoskeletal pain (28%), bilirubin increased (27%), potassium increased (26%), differentiation syndrome (26%), pruritus (23%), febrile neutropenia (22%), and transaminases increased (21%).

DRUG INTERACTIONS

Drug interactions may occur when KOMZIFTI is concomitantly used with:

  • Strong or Moderate CYP3A4 Inhibitors: Monitor patients more frequently for KOMZIFTI-associated adverse reactions.
  • Strong or Moderate CYP3A4 Inducers: Avoid concomitant use of KOMZIFTI.
  • Gastric Acid Reducing Agents: Avoid concomitant use of KOMZIFTI with proton pump inhibitors (PPIs), H2 receptor antagonists (H2RAs), or locally acting antacids. If concomitant use with H2RAs or locally acting antacids cannot be avoided, modify KOMZIFTI administration time.
    • Take KOMZIFTI 2 hours before or 10 hours after administration of an H2 receptor antagonist.
    • Take KOMZIFTI 2 hours before or 2 hours after administration of a locally acting antacid.
  • Drugs that Prolong the QTc Interval: Avoid concomitant use of KOMZIFTI. If concomitant use cannot be avoided, obtain ECGs when initiating, during concomitant use, and as clinically indicated. Interrupt KOMZIFTI if the QTc interval is > 500 ms or the change from baseline is > 60 ms.

USE IN SPECIFIC POPULATIONS

Pregnancy: Based on findings in animals and its mechanism of action, KOMZIFTI can cause embryo-fetal harm when administered to a pregnant woman. Advise pregnant women of the potential risk to a fetus. Verify pregnancy status in females of reproductive potential prior to starting KOMZIFTI.

Lactation: Because of the potential for adverse reactions in the breastfed child, advise women not to breastfeed during treatment with KOMZIFTI and for 2 weeks after the last dose.

Infertility: Based on findings in animals, KOMZIFTI may impair fertility in females and males of reproductive potential.

Please see full Prescribing Information, including Boxed WARNING.

NPM1, nucleophosmin 1, KMT2A, lysine methyltransferase 2A, FLT3, Fms-like tyrosine kinase 3

1. Wang et al. 2025 J Clin Oncol: JCO2501694, online ahead of print. Reprint available here.

About Kura Oncology
Kura Oncology is a biopharmaceutical company committed to realizing the promise of precision medicines for the treatment of cancer. Kura’s pipeline of small molecule drug candidates is designed to target cancer signaling pathways and address high-need hematologic malignancies and solid tumors. Kura developed and is commercializing KOMZIFTI, the FDA-approved once-daily, oral menin inhibitor for the treatment of adults with relapsed or refractory NPM1-mutated acute myeloid leukemia, and continues to pioneer advancements in farnesyl transferase inhibition. For additional information, please visit the Kura website at https://kuraoncology.com/ and follow us on X and LinkedIn.

About Kyowa Kirin
Kyowa Kirin aims to discover and deliver novel medicines and treatments with life-changing value. As a Japan-based Global Specialty Pharmaceutical Company, Kyowa Kirin has invested in drug discovery and biotechnology innovation for more than 70 years and is currently working to engineer the next generation of antibodies and cell and gene therapies with the potential to help patients with high unmet medical needs, such as bone & mineral, intractable hematological diseases/hemato-oncology and rare diseases. A shared commitment to Kyowa Kirin’s values, to sustainable growth, and to making people smile unites Kyowa Kirin across the globe. You can learn more about the business of Kyowa Kirin at www.kyowakirin.com.

Kura Forward-Looking Statements
This news release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements include statements regarding, among other things, the potential of KOMZIFTI to have a best-in-class, favorable and differentiated safety profile; the potential of KOMZIFTI to offer a best-in-class benefit-risk profile for patients with R/R NPM1-m AML and to be the menin inhibitor of choice in its approved indication; the potential of KOMZIFTI to have a greater impact in combination regimens and earlier lines of therapy than as a monotherapy in the R/R setting; the potential of KOMZIFTI to clinically benefit and improve outcomes for patients with R/R NPM1-m AML; Kura’s ability to launch KOMZIFTI; Kura’s and Kyowa Kirin’s plans to commercialize KOMZIFTI in the U.S. and to continue to develop KOMZIFTI across the AML treatment continuum; potential benefits to patients of the absence of drug-drug interactions and that the approval of KOMZIFTI did not require Boxed Warnings for QTc prolongation and Torsades de Pointes; and the potential of KOMZIFTI to be combined with approved therapies and benefit a broad spectrum of patients earlier in their disease course. Factors that may cause actual results to differ materially include the risk that KOMZIFTI may have unintended side effects; risks associated with market competition, market acceptance and commercialization of KOMZIFTI; the risk that the collaboration with Kyowa Kirin is unsuccessful; and other risks associated with the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such drugs. You are urged to consider statements that include the words “may,” “will,” “would,” “could,” “should,” “believes,” “estimates,” “projects,” “promise,” “potential,” “expects,” “plans,” “anticipates,” “intends,” “continues,” “designed,” “goal,” or the negative of those words or other comparable words to be uncertain and forward-looking. For a further list and description of the risks and uncertainties Kura faces, please refer to Kura’s periodic and other filings with the Securities and Exchange Commission, which are available at www.sec.gov. Such forward-looking statements are current only as of the date they are made, and Kura assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Kura Contacts

Investors and Media:
Greg Mann
858-987-4046
gmann@kuraoncology.com

Kyowa Kirin Contacts

Investors:
Ryohei Kawai
ir@kyowakirin.com

Media, Global:
Nobuyuki Manita
media@kyowakirin.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9984035-330f-4cdb-ac17-aa7739fdadeb

Legend Senior Living® Expands Presence to New Jersey, Welcoming Azalea of Cinnaminson

Legend Senior Living® Expands Presence to New Jersey, Welcoming Azalea of Cinnaminson




Legend Senior Living® Expands Presence to New Jersey, Welcoming Azalea of Cinnaminson

WICHITA, Kan., Nov. 13, 2025 (GLOBE NEWSWIRE) — Legend Senior Living®, a nationally recognized senior living provider based in Wichita, KS, has announced the management of Azalea of Cinnaminson. This marks the company’s expansion into the state of New Jersey and reflects Legend’s continued focus on partnering with communities that share its commitment to quality care, meaningful engagement, and purposeful living for older adults.

Located at 605 US-130 in Cinnaminson, Azalea of Cinnaminson offers Independent Living, Assisted Living, and Memory Care in a welcoming environment designed to foster connection, well-being, and independence. The community’s thoughtful layout, including inviting gathering spaces, restaurant-style dining, and vibrant daily programming, aligns closely with Legend’s mission to serve residents with dignity, respect, and quality.

With this addition, Legend Senior Living now operates 74 senior living residences across eight states, continuing its strategic growth in key markets with a focus on quality, consistency, and excellence in service.

“We’re excited to expand into the state of New Jersey with Azalea of Cinnaminson,” said Matt Buchanan, President and Co-CEO of Legend Senior Living. “Opportunities like this are built on the dedication of the people who make a community thrive, and the team at Azalea of Cinnaminson is a great example. This residence shares our values of excellence, integrity, and quality for every resident. We look forward to bringing Legend’s approach to senior living in New Jersey and providing for a smooth transition for both residents and associates.”

ABOUT LEGEND SENIOR LIVING
Legend Senior Living® is a privately held senior housing and services company based in Wichita, Kansas. Legend owns and operates over 70 residences – Independent Living, Assisted Living, Memory Care, and Personal Care – in Florida, Colorado, Texas, Kansas, Oklahoma, Pennsylvania, Missouri and New Jersey. Legend residences are certified as a Great Place to Work®.

FOR MORE INFORMATION:
Rebecca Butler
Vice President of Marketing & Brand Strategy
Legend Senior Living
316-616-6288
Rebecca.Butler@legendseniorliving.com