Collaboration revenue increased to 23017000 in the fourth quarter of 2025, while net loss narrowed to 95786000 compared to 128898000 in the prior year period, driven by lower operating expenses.
Collaboration revenue rose to 23017000 from 12874000 year-over-year.
Research and development expenses decreased to 88652000 from 116877000.
Total operating expenses declined to 121727000 from 149321000.
Net loss improved to 95786000 compared to 128898000 in the prior year.
The company expects its cash, cash equivalents and marketable securities of 605134000 as of December 31, 2025 to fund operations into the second half of 2027 and through the anticipated U.S. commercial launch of lonvo-z.
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