BioLineRx Reports Third Quarter 2025 Financial Results and Provides Corporate Update
BioLineRx (NASDAQ: BLRX) reported Q3 2025 results and a corporate update on November 24, 2025. The company formed a joint venture with Hemispherian to advance GLIX1, a Phase 1-ready oral DDR-targeting small molecule for glioblastoma, with a Phase 1/2a trial expected in Q1 2026. The USPTO issued a Notice of Allowance for a key GLIX1 patent extending protection potentially to 2040 plus up to five years. Cash totaled $25.2M at September 30, 2025, providing runway into H1 2027. Q3 revenue was $0.4M, net loss $1.0M, and APHEXDA royalties were $0.4M.
BioLineRx (NASDAQ: BLRX) ha riportato i risultati del terzo trimestre 2025 e un aggiornamento aziendale il 24 novembre 2025. L'azienda ha costituito una joint venture con Hemispherian per avanzare GLIX1, una piccola molecola orale mirata a DDR pronta per la fase 1 per il glioblastoma, con uno studio di Fase 1/2a previsto nel Q1 2026. L'Ufficio Brevetti e Marchi statunitense ha emesso una Notifica di Ammissione per un brevetto chiave di GLIX1 che potrebbe estendersi fino al 2040, più fino a cinque anni. La liquidità ammontava a $25,2M al 30 settembre 2025, fornendo una runway fino al primo semestre del 2027. Le entrate del Q3 sono state $0,4M, la perdita netta $1,0M, e i royaltie APHEXDA sono state $0,4M.
BioLineRx (NASDAQ: BLRX) informó resultados del tercer trimestre de 2025 y una actualización corporativa el 24 de noviembre de 2025. La empresa formó una empresa conjunta con Hemispherian para avanzar GLIX1, una pequeña molécula oral orientada a DDR lista para Fase 1, para glioblastoma, con un ensayo de Fase 1/2a previsto para el Q1 de 2026. La USPTO emitió un Aviso de Admisión para una patente clave de GLIX1 que podría extender la protección hasta 2040 más hasta cinco años. El efectivo totalizó $25,2M al 30 de septiembre de 2025, proporcionando margen de maniobra hasta el primer semestre de 2027. Los ingresos del Q3 fueron $0,4M, la pérdida neta $1,0M, y las regalías APHEXDA fueron $0,4M.
BioLineRx (NASDAQ: BLRX)는 2025년 11월 24일 2025년 3분기 실적 및 기업 업데이트를 발표했습니다. 회사는 Hemispherian과 공동 벤처를 설립하여 GLIX1을 추진하고 있으며, DDR를 표적으로 하는 1상 준비 경구용 소분자로서 뇌종양인 악성교모세포종(glioblastoma)을 겨냥합니다. 1상/2a상은 2026년 1분기에 예상됩니다. USPTO는 GLIX1의 핵심 특허에 대해 보호를 2040년까지 연장할 수 있는 허가 통지서를 발행했으며 최대 5년까지 연장될 수 있습니다. 2025년 9월 30일 기준 현금은 $25.2M으로 2027년 상반기까지의 운영 여유를 제공합니다. 3분기 매출은 $0.4M, 순손실은 $1.0M, APHEXDA 로열티는 $0.4M입니다.
BioLineRx (NASDAQ : BLRX) a publié les résultats du T3 2025 et une mise à jour de l'entreprise le 24 novembre 2025. La société a constitué une coentreprise avec Hemispherian pour faire progresser GLIX1, une petite molécule orale ciblant DDR prête pour la phase 1, destinée au glioblastome, avec un essai de phase 1/2a prévu au premier trimestre 2026. L'USPTO a émis un Avis d'Acceptation pour un brevet clé de GLIX1 qui pourrait étendre la protection jusqu'à 2040, plus jusqu'à cinq ans. La trésorerie s'élevait à 25,2 millions de dollars au 30 septembre 2025, offrant une marge de manœuvre jusqu'au premier semestre 2027. Le chiffre d'affaires du T3 était de 0,4 million de dollars, la perte nette de 1,0 million et les royalties APHEXDA de 0,4 million.
BioLineRx (NASDAQ: BLRX) meldete am 24. November 2025 Ergebnisse für das dritte Quartal 2025 und ein Unternehmensupdate. Das Unternehmen gründete ein Joint Venture mit Hemispherian, um GLIX1 voranzutreiben, eine Phase-1-fertige orale DDR-targeting Small Molecule für Glioblastom, mit einer Phase-1/2a-Studie, die für Q1 2026 erwartet wird. Die USPTO hat eine Benachrichtigung über Zulassung für ein Schlüsselpaten von GLIX1 erteilt, die den Schutz möglicherweise bis 2040 verlängert, plus bis zu fünf Jahre. Die liquiden Mittel beliefen sich zum 30. September 2025 auf $25,2 Mio., was eine Laufzeit bis ins erste Halbjahr 2027 ermöglicht. Der Q3-Umsatz betrug $0,4 Mio., der Nettolohnverlust $1,0 Mio., und APHEXDA-Royalties betrugen $0,4 Mio..
BioLineRx (NASDAQ: BLRX) أبلغت عن نتائج الربع الثالث من عام 2025 وتحديثاً تنظيمياً في 24 نوفمبر 2025. أسست الشركة مشروعاً مشتركاً مع Hemispherian لدفع GLIX1، وهي جزيء فموي مستهدف DDR جاهز للمرحلة 1 لعلاج الورم الدماغي الدبقي (glioblastoma)، مع تجربة مرحلتها 1/2a المتوقع أن تكون في الربع الأول من 2026. أصدرت USPTO إشعاراً بالسماح ببراءة رئيسية لـ GLIX1 يمكن أن يمد الحماية حتى 2040 بالإضافة إلى ما يصل إلى خمس سنوات. بلغ النقد الإجمالي 25.2 مليون دولار حتى 30 سبتمبر 2025، مما يمنح هامش سيولة حتى النصف الأول من 2027. وكانت إيرادات الربع الثالث 0.4 مليون دولار، والخسارة الصافية 1.0 مليون دولار، وكانت العوائد الملكية لـ APHEXDA 0.4 مليون دولار.
- Joint venture formed to develop GLIX1 (Phase 1-ready)
- USPTO Notice of Allowance for GLIX1 patent through 2040
- Phase 1/2a start of GLIX1 expected in Q1 2026
- $25.2M cash runway into H1 2027
- APHEXDA sales generated $0.4M royalty revenue in Q3
- Q3 net loss of $1.0M
- Total Q3 revenues only $0.4M
- R&D down by 33% YoY, reflecting program out-licensing
- No U.S. commercial sales since Ayrmid transaction (reduced revenues)
Insights
GLIX1 JV, Phase 1/2a start planned in
Development hinges on initiating a first-in-human study that will define safety, PK/PD and a recommended dose in the Phase 1 component before expansion cohorts assess monotherapy and combination activity in glioblastoma and other tumors. The selection of experienced principal investigators strengthens operational execution for a complex glioblastoma program.
Key dependencies include timely trial start and MTD/RP2D readouts, plus preclinical work for other indications; the USPTO allowance covering cancers with CDA below a threshold (about
Joint venture, patent allowance and conserved cash runway to
The joint venture leverages an external asset (GLIX1) while preserving capital compared with in-house discovery; the USPTO Notice of Allowance strengthens asset value by protecting use in most cancers and extending exclusivity toward
Primary risks are the company's limited cash relative to clinic costs and timelines, and reliance on external execution for the motixafortide and GLIX1 programs. Monitor cash burn versus milestones, the actual trial start in
- Establishes joint venture with Hemispherian AS to advance GLIX1, a first-in-class, oral, small molecule targeting DNA damage response in glioblastoma and other cancers -
- Phase 1/2a clinical trial of GLIX1 expected to commence in Q1 2026 -
- Management to host conference call today, November 24th, at 8:30 am EST -

"The clear highlight of the third quarter was our announcement in September that we established a joint venture with Hemispherian, expanding our development pipeline into additional high-need cancer indications, leading with glioblastoma, in addition to our ongoing PDAC program," stated Philip Serlin, Chief Executive Officer of BioLineRx. "Hemispherian's lead asset, GLIX1, is a versatile molecule with a novel mechanism of action that targets the DNA repair mechanism in cancer cells and has demonstrated compelling efficacy in numerous pre-clinical models. Importantly, the development path is straightforward and efficient, and we are eager to initiate a Phase 1/2a first-in-human study in the first quarter of next year while also advancing pre-clinical activities in support of future potential trials of GLIX1 in other cancers."
"At the same time, the ongoing CheMo4METPANC Phase 2b clinical trial of motixafortide in metastatic pancreatic cancer, which is being led by Columbia University and supported by both Regeneron and BioLineRx, continues to progress, giving us a second opportunity to leverage our drug development expertise to bring true innovation to patients with difficult-to-treat cancers," Mr. Serlin concluded.
Corporate Updates
- Announced formation of a joint venture to advance privately held Hemispherian's small molecule cancer therapeutic, GLIX1
- GLIX1, a Phase 1-ready candidate that is being developed as a potential treatment for glioblastoma, estimated to be a greater than
global addressable market by 2030 that has seen little innovation since the current standard of care was developed in 2005. The compound is also expected to be evaluated in other cancers, with preclinical work beginning in 2026.$3.7 billion
- GLIX1, a Phase 1-ready candidate that is being developed as a potential treatment for glioblastoma, estimated to be a greater than
- Announced that it has received Notice of Allowance from the
U.S. Patent and Trademark Office (USPTO) for a key patent covering GLIX1 for cancers in which cytidine deaminase (CDA) is not over-expressed beyond a specific threshold, estimated to be90% of all cancers.- Patent preserves BioLineRx's ability to evaluate GLIX1 in other cancers beyond glioblastoma, including both hematological and solid tumor cancer types.
- Patent further broadens and strengthens GLIX1's patent protection until 2040, with a possible patent-term extension of up to five years.
Financial Updates
- With
on its balance sheet as of September 30, 2025, BioLineRx is maintaining its cash runway guidance into the first half of 2027.$25.2 million
Clinical Updates
GLIX1
- Continued to advance preparations for initiation of a Phase 1/2a clinical trial of GLIX1 in recurrent and newly diagnosed glioblastoma in the first quarter of 2026.
- World leading investigators in the field of glioblastoma, Dr. Roger Stupp and Dr. Ditte Primdahl of the Malnati Brain Tumor Institute of the Lurie Comprehensive Cancer Center at Northwestern University, will serve as principal investigators for the study.
- The Phase 1 part of the trial aims to establish a maximum tolerated dose (MTD) and/or a recommended dose based on safety, PK/PD and preliminary efficacy.
- The Phase 2a expansion part of the trial is planned to include three population cohorts: (1) GLIX1 as monotherapy in recurrent GBM, (2) GLIX1 on top of standard of care in newly diagnosed GBM patients (likely a "window of opportunity" study, with biopsies before and after treatment for PD assessment), and (3) GLIX1 in combination with PARP inhibitors in other solid tumors.
- Pre-clinical activities in support of potential clinical trials of GLIX1 in additional cancers are ongoing.
Motixafortide
Pancreatic Ductal Adenocarcinoma (mPDAC)
- Enrollment continues in the CheMo4METPANC Phase 2b clinical trial, which is being led by Columbia University, and supported by both Regeneron and BioLineRx. The CheMo4METPANC trial is evaluating motixafortide in combination with the PD-1 inhibitor cemiplimab and standard chemotherapy (gemcitabine and nab-paclitaxel).
- A prespecified interim analysis is planned when
40% of progression-free survival (PFS) events are observed.
Sickle Cell Disease (SCD) & Gene Therapy
- Announced that a poster featuring final results from a Phase 1 clinical trial (NCT05618301) evaluating motixafortide as monotherapy and in combination with natalizumab for CD34+ hematopoietic stem cell (HSC) mobilization for gene therapies in sickle cell disease (SCD) was accepted for presentation at the 67th American Society of Hematology (ASH) Annual Meeting & Exposition taking place December 6-9, 2025, in
Orlando, FL. - The 10-subject proof-of-concept study, which was conducted in collaboration with Washington University School of Medicine, demonstrated that motixafortide alone, and in combination with natalizumab, were found to be safe and well- tolerated. Common adverse events were transient and included Grade 1-2 injection site and systemic reactions. No Grade 4 adverse events, dose limiting toxicities or complicated vaso-occlusive events occurred. Motixafortide alone, and in combination with natalizumab resulted in robust CD34+ HSC mobilization.
- Motixafortide alone mobilized a median of 189 CD34+ cells/μl (range 77-690) to the peripheral blood (PB), with a median yield of 4.22x106 CD34+ cells/kg following a single blood volume collection, projecting the collection of 16.9x106 cells/kg in a four-blood-volume apheresis collection session. Motixafortide in combination with natalizumab mobilized a median of 312 CD34+ cells/μl (range 117-447) to the PB, with a median yield of 4.89x106 CD34+ cells/kg following a single blood volume collection, projecting the collection of 19.6x106 CD34+ cells/kg in a four-blood-volume apheresis collection session. The collection yields of motixafortide alone and in combination with natalizumab are encouraging given that hematopoietic stem cell-based gene therapy for sickle cell disease requires sufficient HSCs (16.5-20x106 CD34+ cells/kg) to generate a product.
- In two subjects with prior plerixafor mobilization, motixafortide alone, and in combination with natalizumab, led to 2.7-2.8 fold higher CD34+ cells/μl mobilization to PB and 2.8-3.2 fold higher CD34+ cells/kg collection yield, respectively, than plerixafor.
- A second SCD study, sponsored by St. Jude Children's Research Hospital, continues to enroll patients. The study is a multi-center Phase 1 clinical trial evaluating motixafortide for the mobilization of CD34+ HSCs used in the development of gene therapies for patients with SCD.
APHEXDA Performance Update
- APHEXDA generated sales of
in the third quarter of 2025, providing royalty revenue to the Company of$2.4 million .$0.4 million
Financial Results for the Quarter Ended September 30, 2025
- Total revenues for the third quarter of 2025 were
, reflecting the royalties paid by Ayrmid from the commercialization of APHEXDA in stem cell mobilization in the$0.4 million U.S. Total revenues in 2025 are not comparable to the same period in 2024, which included a portion of the upfront payment from Gloria Biosciences ( ) as well as direct commercial sales by BioLineRx ($3.2 million ) prior to the Ayrmid transaction in November 2024.$1.7 million
- Cost of revenues for the third quarter of 2025 was immaterial, compared to cost of revenues of
for the third quarter of 2024. The cost of revenues in 2025 reflects sub-license fees on royalties paid by Ayrmid from the commercialization of APHEXDA in stem cell mobilization in the$0.8 million U.S. The cost of revenues in 2024 primarily reflects amortization of intangible assets, royalties on net product sales of APHEXDA in theU.S. and cost of goods sold on product sales.
- Research and development expenses for the third quarter of 2025 were
, a decrease of$1.7 million , or$0.8 million 33.0% , compared to for the third quarter of 2024. The decrease resulted primarily from lower expenses related to motixafortide due to the out-licensing of$2.6 million U.S. rights to Ayrmid, as well as a decrease in payroll and share-based compensation, primarily due to a decrease in headcount.
- There were no sales and marketing expenses for the third quarter of 2025, compared to
for the third quarter of 2024. The decrease resulted primarily from the shutdown of$5.5 million U.S. commercial operations in the fourth quarter of 2024 following the Ayrmid out-licensing transaction.
- General and administrative expenses for the third quarter of 2025 were
, a decrease of$0.8 million , or$0.6 million 40.2% , compared to for the third quarter of 2024. The decrease resulted primarily from lower payroll and share-based compensation, primarily due to a decrease in headcount, as well as small decreases in a number of general and administrative expenses.$1.4 million
- Non-operating income (expenses) for the third quarters of 2025 and 2024 primarily relate to fair-value adjustments of warrant liabilities on the Company's balance sheet, as a result of changes in its share price, offset by warrant offering expenses.
- Net financial income for the third quarter of 2025 was
, compared to net financial expenses of$0.1 million for the third quarter of 2024. Net financial income (expenses) for both periods primarily relate to loan interest paid, partially offset by investment income earned on bank deposits and gains on foreign currency (primarily NIS) cash balances due to the strengthening of the NIS against the US dollar during the period. The significant decrease in financial expenses in the 2025 period results from a substantial paydown of the BlackRock loan balance in November 2024, following the transaction with Ayrmid.$1.2 million
- Net loss for the third quarter of 2025 was
, compared to net loss of$1.0 million for the third quarter of 2024.$5.8 million
- As of September 30, 2025, the Company had cash, cash equivalents, and short-term bank deposits of
, sufficient to fund operations, as currently planned, into the first half of 2027.$25.2 million
Conference Call and Webcast Information
To access the conference call, please dial +1-888-281-1167 from the U.S. or +972-3-918-0685 internationally. A live webcast and a replay of the call can be accessed through the event page on the Company's website. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast. The call replay will be available approximately two hours after completion of the live conference call. A dial-in replay of the call will be available until November 26, 2025; please dial +1-888-295-2634 from the US or +972-3-925-5904 internationally.
About BioLineRx
BioLineRx Ltd. (NASDAQ/TASE: BLRX) is a biopharmaceutical company pursuing life-changing therapies in oncology and rare diseases. The Company's first approved product, APHEXDA® (motixafortide), is indicated in the U.S. for stem cell mobilization for autologous transplantation in multiple myeloma, and is being commercialized by Ayrmid Ltd. (globally, except Asia) and Gloria Biosciences (in Asia). BioLineRx has retained the rights to develop motixafortide in metastatic pancreatic cancer (PDAC) and has a Phase 2b PDAC trial currently ongoing under a collaboration with Columbia University.
In addition, BioLineRx has established a joint venture with Hemispherian AS to develop GLIX1, a first-in-class, oral, small molecule targeting DNA damage response in glioblastoma and other solid tumors, for which a Phase 1/2a clinical trial is planned to be initiated in the first quarter of 2026.
Learn more about who we are, what we do, and how we do it at www.biolinerx.com, or on X and LinkedIn.
Forward Looking Statement
Various statements in this release concerning BioLineRx's future expectations constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include words such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "will," and "would," and describe opinions about future events. These include statements regarding management's expectations, beliefs and intentions regarding, among other things, the commercial potential of motixafortide, expectations with regard to clinical trials of motixafortide and GLIX1, the expected cash runway, and BioLineRx's business strategy. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of BioLineRx to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause BioLineRx's actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: the clinical development, commercialization and market acceptance of BioLineRx's therapeutic candidates, including the degree and pace of market uptake of APHEXDA for the mobilization of hematopoietic stem cells for autologous transplantation in multiple myeloma patients; the initiation, timing, progress and results of BioLineRx's preclinical studies, clinical trials, and other therapeutic candidate development efforts; BioLineRx's ability to advance its therapeutic candidates into clinical trials or to successfully complete its preclinical studies or clinical trials, whether the clinical trial results for APHEXDA will be predictive of real-world results; BioLineRx's receipt of regulatory approvals for its therapeutic candidates, and the timing of other regulatory filings and approvals; whether access to APHEXDA is achieved in a commercially viable manner and whether APHEXDA receives adequate reimbursement from third-party payors; BioLineRx's ability to establish, manage, and maintain corporate collaborations, as well as the ability of BioLineRx's collaborators to execute on their development and commercialization plans; BioLineRx's ability to integrate new therapeutic candidates and new personnel as well as new collaborations; the interpretation of the properties and characteristics of BioLineRx's therapeutic candidates and of the results obtained with its therapeutic candidates in preclinical studies or clinical trials; the implementation of BioLineRx's business model and strategic plans for its business and therapeutic candidates; the scope of protection BioLineRx is able to establish and maintain for intellectual property rights covering its therapeutic candidates and its ability to operate its business without infringing the intellectual property rights of others; estimates of BioLineRx's expenses, future revenues, capital requirements and its needs for and ability to access sufficient additional financing; risks related to changes in healthcare laws, rules and regulations in
Contacts:
Irina Koffler
LifeSci Advisors, LLC
IR@biolinerx.com
Moran Meir
LifeSci Advisors, LLC
moran@lifesciadvisors.com
BioLineRx Ltd. | ||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION | ||
(UNAUDITED) | ||
December 31, | September 30, | |
2024 | 2025 | |
in USD thousands | ||
Assets | ||
CURRENT ASSETS | ||
Cash and cash equivalents | 10,436 | 7,914 |
Short-term bank deposits | 9,126 | 17,298 |
Trade receivables | 2,476 | - |
Prepaid expenses | 443 | 432 |
Other receivables | 1,478 | 699 |
Inventory | 3,145 | 2,181 |
Total current assets | 27,104 | 28,524 |
NON-CURRENT ASSETS | ||
Property and equipment, net | 386 | 168 |
Right-of-use assets, net | 967 | 724 |
Intangible assets, net | 10,449 | 10,388 |
Total non-current assets | 11,802 | 11,280 |
Total assets | 38,906 | 39,804 |
Liabilities and equity | ||
CURRENT LIABILITIES | ||
Current maturities of long-term loan | 4,479 | 4,479 |
Accounts payable and accruals: | ||
Trade | 5,583 | 3,537 |
Other | 3,131 | 2,127 |
Current maturities of lease liabilities | 522 | 297 |
Warrants | 1,691 | 3,229 |
Total current liabilities | 15,406 | 13,669 |
NON-CURRENT LIABILITIES | ||
Long-term loan, net of current maturities | 8,958 | 5,599 |
Lease liabilities | 1,081 | 1,003 |
Total non-current liabilities | 10,039 | 6,602 |
COMMITMENTS AND CONTINGENT LIABILITIES | ||
Total liabilities | 25,445 | 20,271 |
EQUITY | ||
Ordinary shares | 38,097 | 73,428 |
Share premium | 353,693 | 327,257 |
Warrants | 5,367 | 3,686 |
Capital reserve | 17,547 | 16,195 |
Other comprehensive loss | (1,416) | (1,416) |
Accumulated deficit | (399,827) | (399,617) |
Total equity | 13,461 | 19,533 |
Total liabilities and equity | 38,906 | 39,804 |
BioLineRx Ltd. | ||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | ||||||
(UNAUDITED) | ||||||
Three months ended September 30, | Nine months ended September 30, | |||||
2024 | 2025 | 2024 | 2025 | |||
in USD thousands | in USD thousands | |||||
REVENUES: | ||||||
License revenues | 3,221 | 427 | 12,702 | 986 | ||
Product sales, net | 1,722 | - | 4,489 | - | ||
Total revenues | 4,943 | 427 | 17,191 | 986 | ||
COST OF REVENUES | (822) | (84) | (3,174) | (190) | ||
GROSS PROFIT | 4,121 | 343 | 14,017 | 796 | ||
RESEARCH AND DEVELOPMENT EXPENSES | (2,565) | (1,719) | (7,284) | (5,668) | ||
SALES AND MARKETING EXPENSES | (5,553) | - | (18,310) | - | ||
GENERAL AND ADMINISTRATIVE EXPENSES | (1,390) | (831) | (4,405) | (2,029) | ||
OPERATING LOSS | (5,387) | (2,207) | (15,982) | (6,901) | ||
NON-OPERATING INCOME (EXPENSES), NET | 756 | 1,157 | 13,053 | 6,950 | ||
FINANCIAL INCOME | 434 | 377 | 1,534 | 1,161 | ||
FINANCIAL EXPENSES | (1,625) | (304) | (4,639) | (1,000) | ||
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) | (5,822) | (977) | (6,034) | 210 | ||
in USD | in USD | |||||
EARNINGS )LOSS( PER ORDINARY SHARE - BASIC AND DILUTED | (0.00) | (0.00) | (0.01) | 0.00 | ||
WEIGHTED AVERAGE NUMBER OF SHARES USED IN | 1,199,485,845 | 2,607,025,540 | 1,161,448,634 | 2,399,573,101 | ||
BioLineRx Ltd. | |||||||
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY | |||||||
(UNAUDITED) | |||||||
Ordinary |
Share |
Warrants |
Capital | Other |
Accumulated |
Total | |
in USD thousands | |||||||
BALANCE AT JANUARY 1, 2024 | 31,355 | 355,482 | 1,408 | 17,000 | (1,416) | (390,606) | 13,223 |
CHANGES FOR NINE MONTHS ENDED | |||||||
Issuance of share capital, net | 3,056 | (3,056) | - | - | - | - | - |
Employee stock options exercised | 19 | 56 | - | (48) | - | - | 27 |
Employee stock options expired | - | 523 | - | (523) | - | - | - |
Share-based compensation | - | - | - | 1,289 | - | - | 1,289 |
Comprehensive loss for the period | - | - | - | - | - | (6,034) | (6,034) |
BALANCE AT SEPTEMBER 30, 2024 | 34,430 | 353,005 | 1,408 | 17,718 | (1,416) | (396,640) | 8,505 |
Ordinary |
Share |
Warrants |
Capital | Other |
Accumulated |
Total | |
in USD thousands | |||||||
BALANCE AT JANUARY 1, 2025 | 38,097 | 353,693 | 5,367 | 17,547 | (1,416) | (399,827) | 13,461 |
CHANGES FOR NINE MONTHS ENDED SEPTEMBER 30, 2025: | |||||||
Issuance of share capital, pre-funded warrants and | 27,273 | (22,260) | 501 | - | - | - | 5,514 |
Pre-funded warrants exercised | 8,058 | (5,876) | (2,182) | - | - | - | - |
Employee stock options expired | - | 1,700 | - | (1,700) | - | - | - |
Share-based compensation | - | - | - | 348 | - | - | 348 |
Comprehensive income for the period | - | - | - | - | - | 210 | 210 |
BALANCE AT SEPTEMBER 30, 2025 | 73,428 | 327,257 | 3,686 | 16,195 | (1,416) | (399,617) | 19,533 |
BioLineRx Ltd. | ||
CONDENSED CONSOLIDATED INTERIM CASH FLOW STATEMENTS | ||
(UNAUDITED) | ||
Nine months ended September 30, | ||
2024 | 2025 | |
in USD thousands | ||
CASH FLOWS - OPERATING ACTIVITIES | ||
Comprehensive income (loss) for the period | (6,034) | 210 |
Adjustments required to reflect net cash used in operating activities (see appendix below) | (29,229) |
(5,084) |
Net cash used in operating activities | (35,263) | (4,874) |
CASH FLOWS - INVESTING ACTIVITIES | ||
Investments in short-term deposits | (26,350) | (29,027) |
Maturities of short-term deposits | 44,626 | 20,819 |
Purchase of property and equipment | (59) | - |
Net cash provided by (used in) investing activities | 18,217 | (8,208) |
CASH FLOWS - FINANCING ACTIVITIES | ||
Issuance of share capital, pre-funded warrants and warrants, net of issuance costs | 5,358 |
13,894 |
Employee stock options exercised | 27 | - |
Net proceeds from loan | 19,223 | - |
Repayments of loan | (2,461) | (3,359) |
Repayments of lease liabilities | (380) | (399) |
Net cash provided by financing activities | 21,767 | 10,136 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 4,721 | (2,946) |
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD | 4,255 | 10,436 |
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | (140) | 424 |
CASH AND CASH EQUIVALENTS - END OF PERIOD | 8,836 | 7,914 |
BioLineRx Ltd. | |||
APPENDIX TO CONDENSED CONSOLIDATED INTERIM CASH FLOW STATEMENTS | |||
(UNAUDITED) | |||
Nine months ended September 30, | |||
2024 | 2025 | ||
in USD thousands | |||
Adjustments required to reflect net cash used in operating activities: | |||
Income and expenses not involving cash flows: | |||
Depreciation and amortization | 2,213 | 460 | |
Exchange differences on cash and cash equivalents | 140 | (424) | |
Fair value adjustments of warrants | (13,567) | (7,544) | |
Share-based compensation | 1,289 | 348 | |
Interest on short-term deposits | 126 | 36 | |
Interest on loan | 1,269 | - | |
Exchange differences on lease liabilities | 67 | 158 | |
Warrant issuance costs | 642 | 702 | |
(7,821) | (6,264) | ||
Changes in operating asset and liability items: | |||
Decrease (increase) in trade receivables | (3,253) | 2,476 | |
Decrease in prepaid expenses and other receivables | 357 | 790 | |
Decrease (increase) in inventory | (1,591) | 964 | |
Decrease in accounts payable and accruals | (6,219) | (3,050) | |
Decrease in contract liabilities | (10,702) | - | |
(21,408) | 1,180 | ||
(29,229) | (5,084) | ||
Supplemental information on interest received in cash | 1,644 | 874 | |
Supplemental information on interest paid in cash | 1,586 | 1,126 | |
Supplemental information on non-cash transactions: | |||
Changes in right-of-use asset and lease liabilities | 305 | 62 | |
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SOURCE BioLineRx Ltd.