Oryzon Genomics Achieves Milestones and Financial Progress
Oryzon Genomics Financial Results and Corporate Highlights
Oryzon Genomics, S.A. (ISIN Code: ES0167733015, ORY), a pioneering clinical-stage biopharmaceutical company excelling in the arena of epigenetics, has recently announced its financial results for the half-year ending June 30, 2025. Alongside these results, Oryzon shared updates on significant corporate strides, including funding achievements and clinical advancements.
Funding Achievements
Since December, Oryzon has succeeded in securing an impressive €52 million (approximately $61 million). This includes €30 million derived from a capital increase, alongside €7 million from commercial bank loans and €13.2 million supported by the EU-IPCEI grant. This funding marks a vital step in solidifying Oryzon's financial footing, particularly evident through the company's successful capital raise earlier this year.
Clinical Advancements
Oryzon is making significant progress in its clinical trial programs. Notably, the clinical trial protocol for vafidemstat's Phase III PORTICO-2 trial, aimed at addressing agitation and aggression in patients with Borderline Personality Disorder (BPD), has been submitted to the FDA. This trial could become particularly impactful as it is designed based on extensive feedback from the agency, ensuring a robust study framework.
New Developments in Trials
In addition, Oryzon plans to expand its ongoing Phase IIb EVOLUTION study with vafidemstat for schizophrenia into other European countries. This initiative aims to fast-track participant recruitment and enhance the breadth of clinical insights gathered. Also, the preparation for a new Phase II trial focusing on aggression management in Autism Spectrum Disorder (ASD) is underway, leveraging resources from the noteworthy EU-IPCEI grant.
Progress in Oncology with Iadademstat
On the oncology front, Oryzon expresses satisfaction regarding advancements in iadademstat's clinical trials. The ongoing studies for acute myeloid leukemia (AML) are yielding promising results. Overall, the company is also exploring iadademstat's potential in non-malignant hematological indications, marking the initiation of a clinical trial addressing sickle cell disease.
Future Directions in Research
The prospects for research and development appear bright, as Oryzon has announced its intentions to further develop ORY-4001, a selective histone deacetylase 6 (HDAC6) inhibitor, aimed at treating neurological diseases like Charcot-Marie-Tooth disease (CMT) and Amyotrophic Lateral Sclerosis (ALS). This move reflects Oryzon's comprehensive approach toward therapeutic development across various indications.
Financial Overview of H1 2025
The financial overview for the first half of 2025 shows R&D expenses amounting to $3 million and $5.8 million for the quarter and six months respectively, compared to comparable figures from the previous year. Administrative expenses also reflected growth, capturing the essence of the company's commitment to advancing its clinical prospects.
Net Loss and Capital Position
Despite a net loss of $1.7 million for the quarter, Oryzon's cash equivalents and marketable securities stood strong at $36.5 million as of June 30, 2025. This solid cash position is crucial for sustaining the momentum of clinical trials and operational initiatives.
Strategic Vision Moving Forward
Dr. Carlos Buesa, Oryzon's CEO, remarked on the significant confidence that investors have placed in Oryzon's scientific endeavors. The funds raised will catalyze the company's plans to enhance its clinical pipeline and navigate through challenging market conditions. The emphasis is on ensuring sustained clinical progress while expanding Oryzon's footprint in the international biotechnology landscape.
Frequently Asked Questions
What recent advancements has Oryzon made in clinical trials?
Oryzon has submitted the Phase III clinical trial protocol for vafidemstat targeting BPD to the FDA and is expanding the Phase IIb EVOLUTION study into additional European countries.
What is the financial position of Oryzon as of the latest updates?
Oryzon reported a solid cash position of $36.5 million, with significant funding secured for ongoing and future clinical programs.
How is iadademstat progressing in clinical trials?
Iadademstat is showing promising results in clinical trials for AML, and Oryzon is also advancing its evaluation in sickle cell disease.
What are the future plans for Oryzon's research pipeline?
Oryzon aims to strengthen its focus on additional indications such as CMT and ALS, while exploring innovative therapeutic approaches in ASD and other neurological disorders.
Who can be contacted for more information about Oryzon?
For inquiries, reach out to Patricia Cobo or Mario Cordera at Atrevia in Spain, or Emili Torrell in the U.S.
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