Welcome to our dedicated page for Fibrogen news (Ticker: FGEN), a resource for investors and traders seeking the latest updates and insights on Fibrogen stock.
FibroGen Inc (NASDAQ: FGEN) is a clinical-stage biopharmaceutical company pioneering novel therapies for oncology and anemia through innovative HIF biology and antibody-drug conjugate research. This page serves as the definitive source for verified FibroGen news and official communications, providing stakeholders with timely updates on clinical developments and corporate milestones.
Investors and industry observers will find essential information including clinical trial results, regulatory submissions, and strategic partnership announcements. Our curated feed includes earnings reports, research publications, and manufacturing updates directly impacting FibroGen's progress in bringing targeted therapies to market.
Key content categories cover advancements in the company's HIF-PH inhibitor programs for anemia management, ADC oncology candidates, and updates from global collaborations. All materials are sourced from primary corporate disclosures to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to FibroGen's latest developments. Check regularly for critical updates on pipeline progress, peer-reviewed study data, and market-moving announcements relevant to FGEN shareholders and industry analysts.
FibroGen (NASDAQ: FGEN) has scheduled its first quarter 2025 financial results announcement for Monday, May 12, 2025, after market close. The company will host a conference call and webcast presentation at 5:00 PM Eastern Time on the same day, where management will discuss financial performance and provide a business update. The event will include a live Q&A session following the presentation. Interested participants can access the audio webcast through the company's website, and phone dial-in details will be provided upon registration. A replay of the webcast will be available for a limited time on FibroGen's Events & Presentations webpage.
FibroGen (NASDAQ: FGEN) has announced its participation in the upcoming 24th Annual Needham Virtual Healthcare Conference, scheduled for April 7-10, 2025. The company's management team will be conducting one-on-one meetings with investors on Wednesday, April 9th, 2025. Interested investors are advised to reach out to their Needham representatives to schedule meetings.
FibroGen (NASDAQ: FGEN) announced the publication of Phase 1 trial results for FG-3246, a first-in-class anti-CD46 antibody drug conjugate, in treating metastatic castration-resistant prostate cancer (mCRPC). The study, involving 56 heavily pre-treated patients, demonstrated promising results:
Key findings include:
- Maximally tolerated dose: 2.7 mg/kg every 3 weeks
- 20% confirmed objective response rate with 7.5-month median duration
- 80% disease control rate
- 36% PSA50 response rate in 39 evaluable patients
- 8.7-month median radiographic progression-free survival
The company plans to initiate a Phase 2 monotherapy dose optimization study by mid-2025, with topline results from a combination trial with enzalutamide expected in the second half of 2025.
FibroGen (NASDAQ: FGEN) has announced the sale of FibroGen China to AstraZeneca for approximately $160 million, comprising an $85 million enterprise value plus estimated $75 million net cash at closing. The transaction, expected to close by mid-2025, will extend the company's cash runway into 2027.
Key financial results for 2024 show total revenue from continuing operations at $29.6 million, down from $46.8 million in 2023. The company reported a net loss of $153.1 million ($1.53 per share) for 2024, improved from a $323.0 million loss ($3.32 per share) in 2023.
Notable upcoming milestones include:
- Initiation of Phase 2 monotherapy trial for FG-3246 in metastatic castration-resistant prostate cancer by mid-2025
- Expected topline results from Phase 2 combination study with enzalutamide in 2H 2025
- Planned FDA meeting in Q2 2025 regarding roxadustat development for anemia in lower-risk myelodysplastic syndrome
FibroGen (NASDAQ: FGEN) has scheduled the release of its fourth quarter and full year 2024 financial results for Monday, March 17, 2025, after market close. The company will host a conference call at 5:00 PM Eastern Time on the same day, featuring a presentation by the management team followed by a live Q&A session to discuss corporate and financial performance.
FibroGen (NASDAQ: FGEN) has announced the sale of its China subsidiary to AstraZeneca for approximately $160 million, comprising an enterprise value of $85 million plus estimated net cash of $75 million held in China at closing. The transaction, expected to close by mid-2025, will extend FibroGen's cash runway into 2027.
Following the closure, FibroGen will repay its term loan to Morgan Stanley Tactical Value. AstraZeneca will obtain all rights to roxadustat in China, where it leads in brand value share for anemia treatment in chronic kidney disease. FibroGen retains roxadustat rights in the US and markets not licensed to Astellas.
The company will continue advancing its oncology pipeline, including the Phase 2 monotherapy trial of FG-3246 in metastatic castration-resistant prostate cancer (mCRPC) in Q2 2025. FibroGen reported preliminary unaudited cash, cash equivalents, and accounts receivable of $121.1 million as of December 31, 2024.
FibroGen (NASDAQ: FGEN) has appointed David DeLucia as its new Chief Financial Officer, effective December 16, 2024, succeeding Juan Graham. DeLucia, who previously served as FibroGen's Vice President of Corporate Financial Planning and Analysis, Investor Relations, and Treasury, will lead the company's global finance organization.
DeLucia brings nearly 15 years of financial leadership experience in life sciences, including previous roles at TherapeuticsMD and JP Morgan Asset Management. The appointment comes as FibroGen advances its development of FG-3246, a first-in-class ADC targeting CD46, and its companion diagnostic FG-3180, while building on roxadustat's performance.
FibroGen (NASDAQ: FGEN) reported its Q3 2024 financial results, highlighting a 15% year-over-year net revenue growth, driven by strong performance of roxadustat in China, with a 34% volume growth. The company reiterated its full-year net product revenue guidance of $135-$150 million. Third quarter total roxadustat net sales in China reached $96.6 million, a 25% increase year-over-year. FibroGen reported a net loss of $17.1 million for Q3 2024, compared to $63.6 million in Q3 2023. The company has $160.0 million in cash, cash equivalents, and accounts receivable, sufficient to fund operations into 2026.
Upcoming milestones include topline results from the Phase 2 study of FG-3246 in mCRPC expected in 1H 2025 and the initiation of a Phase 2 monotherapy study in 1Q 2025. Additionally, FibroGen expects an approval decision for roxadustat in chemotherapy-induced anemia in China by early 2025, potentially triggering a $10 million milestone payment from AstraZeneca.
FibroGen (NASDAQ: FGEN) has scheduled its third quarter 2024 financial results announcement for Tuesday, November 12, after market close. The company will host a conference call at 5:00 PM Eastern Time to discuss corporate and financial performance with the investment community. The call will be accessible via toll-free number 1-877-300-8521 for domestic callers and 1-412-317-6026 for international investors. A webcast replay will be available on FibroGen's website investor section.
FibroGen (NASDAQ: FGEN) announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York. CEO Thane Wettig will present on Tuesday, September 10 at 3:00 PM ET at the Lotte New York Palace Hotel. The presentation will be livestreamed and later available for replay on FibroGen's website for 90 days.
The company's management team will be available for one-on-one meetings during the conference. Interested investors should contact their H.C. Wainwright representative to schedule meetings. This event provides an opportunity for FibroGen to showcase its developments and engage with potential investors.
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