Mereo Biopha-Adr Earnings Reports

Mereo BioPharma reported a net loss of $12.3 million for the second quarter of 2024. Cash and cash equivalents totaled $87.4 million as of June 30, 2024, expected to fund operations into 2027. Phase 3 studies of setrusumab in OI were fully enrolled and positive Phase 2 data was announced.

Mereo BioPharma reported a net loss of $29.5 million for the full year ended December 31, 2023, with cash and cash equivalents of $57.4 million as of the same date. The company expects its cash to fund operations into 2026. Partnering discussions for alvelestat are progressing, with plans to initiate Phase 3 with a partner around the end of 2024.