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Jun 30
Bioatla Q2 2025 Earnings Report
BioAtla reported its second quarter 2025 financial results, highlighting ongoing clinical progress and strategic partnering discussions.
Key Takeaways
BioAtla reported a net loss of $18.7 million for Q2 2025, an improvement from the $21.1 million loss in the same quarter last year. The company saw reduced operating expenses, primarily due to workforce reductions and program prioritization. Cash and cash equivalents decreased significantly to $18.2 million, but the company is actively pursuing cash preservation measures and partnership opportunities.
Net loss improved to $18.7 million in Q2 2025 from $21.1 million in Q2 2024, driven by reduced operating expenses.
Research and development expenses decreased by $2.5 million to $13.7 million, largely due to workforce reduction and program prioritization.
General and administrative expenses also saw a reduction, decreasing by $0.8 million to $5.0 million.
Cash and cash equivalents stood at $18.2 million as of June 30, 2025, down from $49.0 million at the end of 2024, with the company actively managing cash burn and pursuing partnerships.
Bioatla
Bioatla
Forward Guidance
BioAtla anticipates continued decreases in R&D expenses for the remainder of 2025 as Phase 2 trials conclude and development focuses on prioritized programs. The company expects quarterly cash burn to decrease and remains confident in closing at least one partnering transaction in 2025.
Positive Outlook
- Expects R&D expenses to continue decreasing for the remainder of 2025.
- Anticipates quarterly cash burn to decrease as Phase 2 clinical trials near completion.
- Confident in achieving the goal to close at least one partnering transaction in 2025.
- Positive data from EpCAM Phase 1 trial expected to lead to transformational value creation.
- Planned meeting with FDA in Q3 2025 to discuss proposed Phase 3 study design for Ozuriftamab vedotin, with potential for accelerated approval.
Challenges Ahead
- Need for additional funding to continue development of CAB technology platform and product candidates.
- Potential for delays in clinical and preclinical trials.
- Uncertainties inherent in research and development, including meeting anticipated clinical endpoints or regulatory approval dates.
- Possibility of unfavorable new clinical data or further analyses of existing clinical data.
- Dependence on the success of the CAB technology platform and ability to enroll patients in trials.