Welcome to our dedicated page for Mereo Biopharma news (Ticker: MREO), a resource for investors and traders seeking the latest updates and insights on Mereo Biopharma stock.
Mereo BioPharma Group plc (NASDAQ: MREO) is a clinical-stage biopharmaceutical company whose news flow centers on rare disease drug development, regulatory interactions, and partnering activity. The company regularly issues updates on its lead programs, setrusumab for osteogenesis imperfecta (OI) and alvelestat for alpha-1 antitrypsin deficiency-associated lung disease (AATD-LD), as well as on its collaborations for assets such as vantictumab, navicixizumab and leflutrozole.
Investors following MREO news can expect detailed announcements on clinical trial progress and results. For setrusumab, Mereo and its partner Ultragenyx have reported on Phase 3 Orbit and Cosmic studies in OI, including interim decisions by a Data Monitoring Committee, final analysis plans, and top-line outcomes showing statistically significant improvements in bone mineral density despite not meeting primary fracture endpoints. News items also cover ongoing data analyses to determine potential regulatory paths and program next steps.
For alvelestat, company updates describe regulatory milestones such as Orphan Designation from the European Commission and the FDA, Fast Track designation from the FDA for AATD-LD, and alignment with regulators on the design of a planned single global Phase 3 pivotal study. Releases also discuss partnering discussions for Phase 3 development and commercialization.
Additional MREO coverage includes quarterly and annual financial results, cash runway guidance, licensing agreements like the out-licensing of vantictumab to āshibio, and conference participation, including presentations at major healthcare investor conferences. This news page allows readers to track how clinical data, regulatory designations, partnerships, and capital position evolve over time for Mereo BioPharma’s rare disease and oncology pipeline.
Mereo BioPharma Group (NASDAQ: MREO) has announced its participation in the Jefferies London Healthcare Conference. Dr. Denise Scots-Knight, CEO, will engage in a Fireside Chat on Tuesday, November 19, 2024, at 10:30am ET / 03:30pm GMT. The presentation will be accessible via live audio webcast through the Investors section of Mereo's website, with a replay available for two weeks after the event.
Mereo BioPharma reported Q3 2024 financial results with cash position of $80.5 million, expected to fund operations into 2027. The company's setrusumab received Breakthrough Therapy designation from FDA for osteogenesis imperfecta treatment. Q3 net loss increased to $15.0 million from $6.5 million in Q3 2023, primarily due to foreign exchange losses. R&D expenses decreased 12% to $3.2 million, while G&A expenses increased 9% to $6.2 million. The company continues to advance setrusumab's Phase 3 program with partner Ultragenyx and expects alvelestat to be Phase 3-ready by end of 2024.
Mereo BioPharma Group (NASDAQ: MREO), a clinical-stage biopharmaceutical company specializing in rare diseases, has announced its participation in the 2024 Cantor Global Healthcare Conference. Dr. Denise Scots-Knight, CEO of Mereo, will engage in a Fireside Chat on Wednesday, September 18, 2024, at 10:55am ET / 03:55pm BST.
Interested parties can access a live audio webcast of the event through the Investors section of Mereo's website at www.mereobiopharma.com/investors. For those unable to attend live, an archived replay of the webcast will be available on the company's website for two weeks following the event, providing an opportunity for stakeholders to stay informed about Mereo's latest developments and insights in the rare disease sector.
Mereo BioPharma (NASDAQ: MREO) reported Q2 2024 financial results and provided a corporate update. Key highlights include:
- Cash position of $87.4 million as of June 30, 2024, expected to fund operations into 2027
- Phase 3 Orbit and Cosmic studies of setrusumab in OI fully enrolled
- New long-term Phase 2 data showed continued 67% reduction in fracture rates after 14 months of setrusumab treatment
- R&D expenses increased to $4.9 million, up 33% year-over-year
- Net loss of $12.3 million for Q2 2024, compared to $1.8 million in Q2 2023
The company continues to make progress on setrusumab for OI and alvelestat for AATD, with multiple potential value inflection points ahead.
Mereo BioPharma Group plc (NASDAQ: MREO), a clinical-stage biopharma firm focused on rare diseases, has announced a $50 million underwritten offering of 12,531,300 American Depositary Shares (ADS). Each ADS is priced at $3.99, representing five ordinary shares. The offering is set to close on June 17, 2024. Net proceeds will fund the setrusumab program and other corporate purposes. Investors include Frazier Life Sciences, Deerfield Management, and Perceptive Advisors, alongside existing shareholders like Rubric Capital Management and Janus Henderson Investors. Jefferies, Leerink Partners, and Cantor are managing the offering.
Mereo BioPharma (NASDAQ: MREO), a clinical-stage biopharmaceutical company specializing in rare diseases, announced that CEO Dr. Denise Scots-Knight will participate in a Fireside Chat at the Jefferies Global Healthcare Conference. The event is scheduled for June 6, 2024, at 11:00am ET / 04:00pm BST. A live webcast will be available on Mereo's investor website, with a replay accessible for two weeks post-event.
Mereo BioPharma reported its Q1 2024 financial results, showing cash and cash equivalents of $48.7 million. The company expects to fund operations into 2026. Key updates include the completion of enrollment in the Orbit and Cosmic studies for setrusumab in osteogenesis imperfecta by partner Ultragenyx, and ongoing pre-launch activities in Europe. Mereo also announced progress in partnering discussions and research for alvelestat and etigilimab. Financial highlights included a 25% decrease in R&D expenses, a 8% reduction in general and administrative expenses, and a net loss of $9.0 million, compared to $12.1 million in Q1 2023. The company remains focused on advancing its clinical programs and engaging with partners for future developments.
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