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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