BioAge Labs (NASDAQ: BIOA) advances BGE-102 into Phase 2 QUELL-CV trial
Rhea-AI Filing Summary
BioAge Labs, Inc. reported collaboration revenue of $2.4 million for the quarter ended June 30, 2026, unchanged from the prior-year period. Research and development expenses rose to $24.4 million, mainly from higher spending on lead NLRP3 inhibitor BGE-102, including the Phase 2 QUELL-CV trial and planned QUELL-DME study, while general and administrative expenses were $7.4 million. Net loss was $26.1 million, or $0.58 per share.
As of June 30, 2026, BioAge held approximately $381.3 million in cash, cash equivalents and marketable securities and expects this to fund operations and capital expenses through 2029. The company dosed the first participant in QUELL-CV, a Phase 2 proof-of-concept trial of BGE-102 in about 160 adults with obesity and elevated inflammation, and plans to start QUELL-DME, a Phase 1b/2a trial in diabetic macular edema, in mid-2026. BioAge also continues its APJ agonist obesity program and multi-year discovery collaborations with Novartis and Lilly ExploR&D.
Positive
- None.
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Filing Explained
At
8-K Event Classification
Key Figures
Key Terms
NLRP3 inhibitor medical
hsCRP medical
diabetic macular edema medical
inflammasome-driven diseases medical
APJ agonist medical
Phase 1b/2a regulatory
Earnings Snapshot
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were BioAge Labs (BIOA) key financial results for Q2 2026?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition.
On August 5, 2026, BioAge Labs, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02, including Exhibit 99.1 attached to this report, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any other filing under the Exchange Act or under the Securities Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit |
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Description |
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99.1 |
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Press release issued by BioAge Labs, Inc. dated August 5, 2026. |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BIOAGE LABS, INC. |
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Date: |
August 5, 2026 |
By: |
/s/ Dov Goldstein |
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Dov Goldstein, M.D. |
EXHIBIT 99.1
BioAge Labs Reports Second Quarter 2026 Financial Results and Provides Business Updates
First participant dosed in QUELL-CV, a Phase 2 dose-ranging proof-of-concept trial of BGE-102 measuring inflammatory and cardiometabolic biomarkers; topline data anticipated in the second half of 2026
QUELL-DME, Phase 1b/2a proof-of-concept trial of BGE-102 in diabetic macular edema, planned to initiate in mid-2026, with data anticipated in mid-2027; results expected to support development across inflammation-driven retinal diseases
Hosted R&D Day focused on NLRP3 inhibition, featuring Phase 1 data for BGE-102
EMERYVILLE, Calif., August 5, 2026 (GLOBE NEWSWIRE) -- BioAge Labs, Inc. (NASDAQ: BIOA) ("BioAge" or "the Company"), a clinical-stage biopharmaceutical company developing therapeutic product candidates for cardiometabolic diseases by targeting the biology of human aging, today provided business updates and reported its second quarter 2026 financial results.
"NLRP3 sits at the apex of the inflammatory cascade that drives a range of diseases," said Kristen Fortney, Ph.D., CEO and co-founder of BioAge. "Our Phase 1 data show that BGE-102 is a potential best-in-class NLRP3 inhibitor: a well-tolerated once-daily pill that delivered up to 98% suppression of IL-1β and brought hsCRP down to normal levels in most participants. We have dosed the first participant in QUELL-CV, our Phase 2 trial in patients with obesity and inflammation at elevated cardiovascular risk, with topline data anticipated in the second half of 2026. We also plan to start a second proof-of-concept trial this year in diabetic macular edema. These studies will test the broad potential of NLRP3 inhibition across inflammasome-driven diseases, and we are actively evaluating additional indications where this mechanism can deliver meaningful benefit. With a strong cash position, we are well positioned to advance BGE-102 across multiple opportunities and continue progressing the broader BioAge pipeline."
Second Quarter 2026 Business Highlights
BGE-102 clinical development: QUELL-CV Phase 2 trial
BGE-102 clinical development: QUELL-DME Phase 1b/2a trial
R&D Day on NLRP3 inhibition
APJ agonist program advancement
Strategic partnerships and discovery platform
Second Quarter 2026 Financial Results
Collaboration revenue was $2.4 million for each of the quarters ended June 30, 2026 and 2025.
Research and development expenses were $24.4 million for the quarter ended June 30, 2026, compared to $19.8 million for the same period in 2025. The $4.6 million increase in research and development expenses was primarily attributable to a $7.9 million increase in direct costs related to BioAge’s BGE-102 program associated with the initiation of QUELL-CV, start-up costs related to the planned initiation of QUELL-DME, licensing fees, and drug-product manufacturing. The increase was further driven by a $1.5 million increase in personnel-related expenses, primarily reflecting higher stock-based compensation expense associated with new option grants to employees, and a $0.3 million increase in allocated facility and other expenses primarily driven by higher non-program specific consulting fees. These increases were partially offset by a $3.3 million decrease in direct costs for other programs driven by lower licensing costs and a $1.9 million decrease in azelaprag direct costs following termination of its development in January 2025.
General and administrative expenses were $7.4 million for the quarter ended June 30, 2026, compared to $7.3 million for the same period in 2025. The $0.1 million increase was primarily driven by a $0.6 million increase in personnel-related expenses, primarily reflecting higher stock-based compensation expense associated with new option grants to employees, executives, board members and advisors, and a $0.1 million increase in
corporate insurance expense. These increases were partially offset by a $0.6 million decrease in legal fees.
Net loss was $26.1 million for the quarter ended June 30, 2026, or $0.58 per weighted-average common share outstanding, basic and diluted, compared to a net loss of $21.6 million, or $0.60 per weighted-average common share outstanding, basic and diluted, for the same period in 2025.
As of June 30, 2026, BioAge had approximately $381.3 million in cash, cash equivalents, and marketable securities. Based on the Company’s current operating plan, BioAge estimates that existing cash, cash equivalents, and marketable securities will be sufficient to fund operations and capital expenses through 2029.
About BioAge Labs, Inc.
BioAge is a clinical-stage biopharmaceutical company developing therapeutic product candidates for cardiometabolic diseases by targeting the biology of human aging. The Company's lead product candidate, BGE-102, is a potent, orally bioavailable, brain-penetrant small-molecule NLRP3 inhibitor being developed for diseases driven by inflammation including retinal diseases such as diabetic macular edema. BGE-102 has completed a Phase 1 SAD/MAD trial demonstrating a well-tolerated profile and potential best-in-class reductions in hsCRP and other inflammatory biomarkers in participants with obesity and elevated inflammatory markers such as hsCRP. Phase 2 proof-of-concept data are anticipated in the second half of 2026, and Phase 1b/2a diabetic macular edema proof-of-concept data are anticipated in mid-2027. The Company is also developing long-acting injectable and oral small molecule APJ agonists for obesity. BioAge’s additional preclinical programs, which leverage insights from the Company’s proprietary discovery platform built on human longevity data, address key pathways involved in metabolic aging.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of, and made pursuant to the safe harbor provisions of, the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as “aim,” “may,” “will,” “should,” “expect,” “forecast,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. All statements other than statements of historical
fact contained in this press release, including without limitation statements regarding our plans to develop and commercialize our product candidates, including BGE-102 and our APJ programs, the potential for BGE-102 as a treatment for diabetic macular edema, the expected timeline for data readouts from our ongoing Phase 2 clinical trial, the expected timing and results of our ongoing or planned preclinical studies and clinical trials, risks associated with clinical trials, including our ability to adequately manage clinical activities for BGE-102 and our APJ programs, unexpected concerns that may arise from additional data or analysis obtained during clinical trials, the timing of and our ability to obtain and maintain regulatory approvals, the clinical utility of our future product candidates, our commercialization, marketing and manufacturing capabilities and strategy, our expectations about the willingness of healthcare professionals to use our product candidates, the sufficiency of our cash, cash equivalents and marketable securities, general economic conditions, the impact of industry and market conditions on our operations, including fluctuating interest rates and inflation, increased volatility in the debt and equity markets, legislative or regulatory healthcare reforms in the United States, significant political, trade or regulatory developments, including tariffs, federal government shutdowns, or shifting priorities within the U.S. Food and Drug Administration, cybersecurity incidents, and global regional conflicts, and the plans and objectives of management for future operations and capital expenditures are forward-looking statements.
The forward-looking statements in this press release are only predictions and are based largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of known and unknown risks, uncertainties and assumptions, including those described under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in BioAge’s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on August 5, 2026, and BioAge’s other filings with the SEC filed from time to time.
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond our control, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. BioAge undertakes no obligation
to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contacts
PR: Chris Patil, media@bioagelabs.com
IR: Dov Goldstein, ir@bioagelabs.com
Partnering: partnering@bioagelabs.com
Web: https://bioagelabs.com
BIOAGE LABS, INC.
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except share and per share information)
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Three Months Ended |
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June 30, |
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2026 |
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2025 |
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Collaboration revenue |
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$ |
2,451 |
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$ |
2,412 |
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Operating expenses: |
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Research and development |
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$ |
24,365 |
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$ |
19,844 |
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General and administrative |
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7,419 |
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7,339 |
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Total operating expenses |
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31,784 |
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27,183 |
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Loss from operations |
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(29,333 |
) |
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(24,771 |
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Other income (expense) |
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Interest expense |
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(1 |
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(201 |
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Interest and other income (expense), net |
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3,438 |
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3,420 |
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Gain (loss) from changes in fair value of warrants |
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(201 |
) |
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(11 |
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Total other income (expense), net |
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3,236 |
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3,208 |
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Net loss |
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$ |
(26,097 |
) |
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$ |
(21,563 |
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Net loss per share attributable to common stockholders, basic and diluted |
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$ |
(0.58 |
) |
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$ |
(0.60 |
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Weighted-average common shares outstanding, basic and diluted |
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44,838,893 |
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35,850,037 |
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BIOAGE LABS, INC.
Unaudited Condensed Consolidated Balance Sheets
(in thousands, except share and per share information)
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June 30, |
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December 31, |
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2026 |
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2025 |
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Assets |
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Current Assets: |
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Cash and cash equivalents |
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$ |
73,964 |
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$ |
188,888 |
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Marketable securities, current |
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244,781 |
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92,210 |
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Accounts receivable |
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625 |
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769 |
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Prepaid expenses and other current assets |
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10,942 |
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4,926 |
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Total current assets |
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330,312 |
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286,793 |
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Investments |
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100 |
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100 |
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Marketable securities |
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62,518 |
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4,032 |
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Property and equipment, net |
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1,209 |
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963 |
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Operating lease right-of-use assets |
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2,582 |
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2,785 |
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Other assets |
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208 |
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216 |
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Total assets |
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$ |
396,929 |
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$ |
294,889 |
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Liabilities |
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Current Liabilities: |
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Accounts payable |
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$ |
5,653 |
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$ |
2,674 |
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Accrued expenses and other current liabilities |
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8,487 |
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8,480 |
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Current portion of term loan |
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— |
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2,648 |
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Operating lease liabilities, current |
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714 |
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582 |
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Deferred revenue |
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4,363 |
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5,754 |
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Total current liabilities |
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19,217 |
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20,138 |
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Warrant liability |
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678 |
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370 |
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Operating lease liabilities |
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2,121 |
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2,330 |
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Total liabilities |
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22,016 |
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22,838 |
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Commitments and Contingencies (Note 7) |
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Stockholders’ Equity |
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Preferred stock, $0.00001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued or outstanding as of June 30, 2026 and December 31, 2025 |
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— |
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— |
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Common stock, $0.00001 par value; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 45,776,902 and 37,386,908 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively |
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— |
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— |
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Additional paid-in-capital |
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757,157 |
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605,189 |
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Accumulated other comprehensive income (loss) |
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(478 |
) |
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278 |
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Accumulated deficit |
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(381,766 |
) |
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(333,416 |
) |
Total stockholders’ equity |
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374,913 |
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|
272,051 |
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Total liabilities and stockholders’ equity |
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$ |
396,929 |
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|
$ |
294,889 |
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