Monopar Therapeutics Reports First Quarter 2025 Financial Results and Recent Developments
- Strong cash position of $54.6M sufficient to fund operations through December 2026
- Positive long-term efficacy data for ALXN1840 in Wilson disease with favorable safety profile
- Lower loss per share in Q1 2025 ($0.38) compared to Q1 2024 ($0.51)
- Increased interest income due to higher cash balances from $55M fundraising in Q4 2024
- Net loss increased to $2.6M in Q1 2025 from $1.6M in Q1 2024
- R&D expenses increased 70% year-over-year to $1.64M
- G&A expenses more than doubled to $1.58M compared to Q1 2024
Insights
Monopar reports solid financials with $54.6M cash runway through 2026 and promising clinical data for Wilson disease treatment.
Monopar's Q1 2025 results reveal a strong financial position with
The most significant development is the positive long-term data for ALXN1840 in Wilson disease presented at EASL. The pooled analysis from three clinical trials (n=255) demonstrated sustained clinical benefits over 2.63 years median treatment duration. Safety data from an additional Phase 2 study brings the total safety population to 266 patients, with fewer than
The data showing sustained neurological improvements measured by the Unified Wilson Disease Rating Scale and improved New Wilson Index scores (liver function indicator) supports ALXN1840's potential as a differentiated therapy. Patient reports of greater convenience versus standard of care highlight a potential competitive advantage. Their NDA submission timeline (early 2026) aligns with their cash runway.
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WILMETTE, Illinois, May 13, 2025 (GLOBE NEWSWIRE) -- Monopar Therapeutics Inc. (“Monopar” or the “Company”) (Nasdaq: MNPR), a clinical‐stage biopharmaceutical company focused on developing innovative treatments for patients with unmet medical needs, today announced first quarter 2025 financial results and recent developments.
Recent Developments
ALXN1840 for Wilson Disease
On May 7, 2025, Monopar presented long-term efficacy and safety data for ALXN1840 (tiomolybdate choline) at the European Association for the Study of the Liver (“EASL”) International Liver Congress 2025, a leading global conference in liver disease.
The data support ALXN1840 as a potential treatment for Wilson disease, a rare genetic disorder that causes toxic copper buildup in organs like the liver and brain. Pooled results from three clinical trials (n=255) showed sustained clinical benefits over a median treatment duration of 2.63 years. Safety data, which included an additional Phase 2 study (n=266), confirmed a favorable safety profile with fewer than
Sustained neurological improvement as assessed by the physician as well as the patient using the Unified Wilson Disease Rating Scale (“UWDRS”) was observed, as was sustained increased copper mobilization. Patients reported greater convenience and effectiveness when treated with ALXN1840 compared to standard of care, and improvement in the New Wilson Index (a prognostic indicator of the status of the liver) was also observed.
The Company is preparing to submit a New Drug Application (“NDA”) to the U.S. Food and Drug Administration (“FDA”) in early 2026.
MNPR‐101 for Radiopharmaceutical Use
The Company’s MNPR-101-Zr Phase 1 (imaging and dosimetry) and MNPR-101-Lu (therapeutic) Phase 1a clinical trials in advanced cancers are active and enrolling in Australia. Monopar continues its preclinical work with MNPR-101-Ac (therapeutic) with plans to enter the clinic in the future.
Financial Results for the First Quarter Ended March 31, 2025, Compared to the First Quarter Ended March 31, 2024
Cash and Net Loss
Cash, cash equivalents and investments as of March 31, 2025, were
Net loss for the first quarter of 2025 was
Research and Development (“R&D”) Expenses
R&D expenses for the first quarter of 2025 were
General and Administrative (“G&A”) Expenses
G&A expenses for the first quarter of 2025 were
Interest Income
Interest income for the first quarter of 2025 increased by
About Monopar Therapeutics Inc.
Monopar Therapeutics is a clinical-stage biopharmaceutical company with late-stage ALXN1840 for Wilson disease, and radiopharmaceutical programs including Phase 1-stage MNPR-101-Zr for imaging advanced cancers, and Phase 1a-stage MNPR-101-Lu and late preclinical-stage MNPR-101-Ac for the treatment of advanced cancers. For more information, and links to SEC filings that contain detailed financial information, visit: https://ir.monopartx.com/quarterly-reports.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Examples of these forward-looking statements include statements concerning: that Monopar’s data support ALXN1840 as a potential treatment for Wilson disease; that Monopar is preparing to submit an NDA to the FDA in early 2026; that Monopar continues its preclinical work with MNPR-101-Ac with the plan to enter the clinic in the future; and that Monopar expects that its current funds will be sufficient to continue operations at least through December 31, 2026. The forward-looking statements involve risks and uncertainties including, but not limited to: uncertainties related to the regulatory process that Monopar intends to initiate related to ALXN1840 and the outcome thereof; the rate of market acceptance and competitiveness in terms of pricing, efficacy and safety, of any products for which Monopar receives marketing approval, and Monopar’s ability to competitively market any such products as compared to larger pharmaceutical firms; Monopar’s ability to raise sufficient funds in order for the Company to support continued preclinical, clinical, regulatory, precommercial and commercial development of its programs and to make contractual milestone payments, as well as its ability to further raise additional funds in the future to support any existing or future product candidate programs through completion of clinical trials, the approval processes and, if applicable, commercialization; and the significant general risks and uncertainties surrounding the research, development, regulatory approval, and commercialization of imaging agents and therapeutics. Actual results may differ materially from those expressed or implied by such forward-looking statements. Risks are described more fully in Monopar's filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Monopar undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Any forward-looking statements contained in this press release represent Monopar’s views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.
CONTACT:
Monopar Therapeutics Inc.
Investor Relations
Quan Vu
Chief Financial Officer
vu@monopartx.com
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