The following is a summary of the BioLineRx Ltd. (BLRX) Q4 2023 Earnings Call Transcript:

Financial Performance:

• BioLineRx reported total revenues of $4.8 million in 2023, attributed to the Gloria Biosciences license agreement and APHEXDA product sales.

• Costs of revenues amounted to $3.7 million for 2023.

• Research and development expenses were reduced to $12.5 million in 2023, down from $17.6 million in 2022.

• Non-operating expenses were reported to be $10.8 million in 2023, compared to a non-operating income of $5.7 million in 2022.

• The company reported a net loss for 2023 of $60.6 million, compared to a net loss of $25 million in 2022.

• The company ended the year with $43 million in cash, cash equivalents, and short-term bank deposits.

Business Progress:

• The company launched APHEXDA product for stem cell mobilization with positive signs.

• BioLineRx secured formulary placement within the top 80 transplant centers.

• An exclusive license agreement was made with Gloria Biosciences for the development and commercialization of motixafortide across all indications in Asia.

• A clinical trial for motixafortide treatment for sickle cell disease was initiated in collaboration with the Washington University School of Medicine.

• The company is preparing for a randomized Phase 2 clinical trial evaluating motixafortide in combination with PD-1 inhibitors in first-line pancreatic cancer.

• More significant milestones include expanded commercialization of APHEXDA, commercial expansion in Asia with Gloria Biosciences, and an advanced clinical trial for motixafortide.

More details: BioLine Rx IR

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