Financial Data and Key Metrics Changes - Total revenues for the year ended December 31, 2024, were $28.9 million, an increase of $24.1 million, or 502.1%, compared to $4.8 million for the year ended December 31, 2023 [30] - Net loss for the year ended December 31, 2024, was $9.2 million compared to a net loss of $60.6 million for the year ended December 31, 2023 [34] - Cash, cash equivalents, and short-term bank deposits as of December 31, 2024, were $19.6 million, with approximately $29 million on a pro forma basis after financing completed in early January 2025 [34] Business Line Data and Key Metrics Changes - APHEXDA achieved a 10% market share of total CXCR4 inhibitor usage in the U.S. within less than 11 months of being on the market [26] - Generated more than $6 million of net APHEXDA product revenue in the U.S. through the closing of the Ayrmid transaction on November 21 [27] Company Strategy and Development Direction - The company has shifted its strategy to focus on evaluating early clinical stage and late pre-clinical stage therapeutic assets in oncology and rare diseases [6][7] - The licensing agreement with Ayrmid Pharma Ltd. allows the company to return to its roots in complex drug development while leveraging expertise in drug development [6][9] - The company aims to help as many patients as possible while creating enduring value for shareholders [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about evaluating several promising candidates and the potential for definitive announcements within the year [8] - The company has reduced its ongoing operating cash burn by approximately 70%, from over $40 million annually to approximately $12 million annually [18] - The company believes it is well-positioned to advance motixafortide in solid tumor indications while evaluating additional assets in oncology and rare diseases [19] Other Important Information - The Ayrmid agreement generated $10 million in upfront payments and potential milestones of $87 million, along with double-digit sales royalties ranging from 18% to 23% [16] - The company has shut down its U.S. operations and implemented a headcount reduction in Israel, transitioning a substantial portion of its commercial team to Ayrmid [17] Q&A Session Summary Question: Any more color on meaningful progress in evaluating assets? - Management indicated that they are having meaningful discussions regarding early-stage clinical assets in oncology and rare diseases but could not provide a timeline for announcements [38] Question: How are internal programs looking, especially with WashU and sickle cell? - Management noted that a significant win would be mobilizing enough cells in one cycle for gene therapy, reducing the number of apheresis sessions required [43][44] Question: Commentary on increased traction of APHEXDA for multiple myeloma? - Management expressed confidence in Ayrmid's team and their marketing efforts, stating that the transition has gone smoothly [49] Question: How many assets have been looked at in the acquisition process? - Management stated that they have looked at thousands of molecules over the company's history, focusing on early clinical stage assets in oncology and rare diseases [56][58] Question: Allocation of expenses during the acquisition process? - Management confirmed that expenses would initially be higher during the search process but would shift towards R&D once assets are acquired [59] Question: Internal versus external efforts in the acquisition process? - Management indicated that the majority of the work is done in-house, with external consultants used as needed for specific expertise [64]

Financial Performance - The company recorded net losses of $60.6 million in 2023 and $9.2 million in 2024, with an accumulated deficit of $400 million as of December 31, 2024[39]. - The company expects to continue incurring significant expenses and net losses for the foreseeable future as it develops motixafortide for other indications[39]. - As of December 31, 2024, the company held $19.6 million in cash, cash equivalents, and short-term bank deposits, and completed a registered direct offering in January 2025 for net proceeds of $8.9 million[41]. - The company has begun generating product revenue from sales of APHEXDA, but there is no assurance of significant revenue generation in the future[39][40]. - The company has generated only limited commercialization revenues to date and may never achieve profitability[48]. Licensing and Partnerships - The company has out-licensed the rights to motixafortide for all indications in substantially all of Asia and globally (excluding Asia) for all indications except solid tumors[37]. - In October 2023, the company out-licensed motixafortide rights for all indications in substantially all of Asia to Gloria, and in November 2024, it out-licensed global rights (excluding Asia) to Ayrmid for all indications except solid tumors[48]. - The company retains rights to potentially meaningful milestones or royalty payments under the Gloria and Ayrmid License Agreements, but achieving these may take many years[51]. - The company entered into a license agreement with Ayrmid Pharma Ltd., receiving a non-refundable upfront payment of $10 million and potential commercial milestones of up to $87 million based on defined sales targets[200]. - The Gloria License Agreement includes a $15 million upfront payment and potential milestone payments totaling up to $246 million based on development and sales achievements in Asia[211]. Operational Challenges - The company has substantial doubt about its ability to continue as a going concern, as indicated by its independent registered public accounting firm's report[46]. - The company may face challenges in achieving market acceptance and reimbursement for APHEXDA, which could impact its revenue potential[40]. - The company faces risks in clinical trials, including the possibility of not demonstrating adequate efficacy and safety, which could adversely impact regulatory approval[70]. - Regulatory approvals are subject to ongoing review, and failure to comply with regulations could result in loss of approvals and significant harm to the business[71]. - The company may face adverse effects from unfavorable pricing regulations and reimbursement practices for newly approved drugs[94]. Development and Research - The company has shifted focus to the development of motixafortide in solid tumors for territories outside Asia, requiring additional costly development efforts[62]. - The company aims to in-license additional assets in oncology and rare diseases that address unmet medical needs, leveraging a systematic approach to identify and validate therapeutic candidates[196]. - Motixafortide has shown a direct anti-cancer effect and enhances T-cell activation in combination with immune checkpoint inhibitors[222]. - The company has retained rights to develop motixafortide across all solid tumor indications outside of Asia, with an ongoing Phase 2b trial for pancreatic cancer at minimal cost[195]. Financial Strategy and Capital Needs - The company is exploring alternative financing sources, including future securities offerings and government funding, to meet its capital requirements[41]. - The company expects to need substantial future capital to complete clinical development and commercialize its products, which may lead to dilution for existing shareholders[157]. - The company may need to relinquish valuable rights or grant unfavorable licensing terms if it raises additional funds through licensing arrangements[158]. - The company has a secured loan agreement with BlackRock for up to $40 million, with $30 million drawn down as of now, and a repayment plan established[43][44]. Market and Competitive Landscape - The company faces significant competition in the life sciences industry, particularly from generic versions of Mozobil, which may impact the commercialization of APHEXDA[89]. - The ability to commercialize therapeutic candidates depends on third-party payors providing adequate coverage and reimbursement, which is increasingly scrutinized for cost-effectiveness[95]. - Delays in obtaining coverage and reimbursement for newly approved drugs like APHEXDA may limit its market potential compared to similar products[97]. - Third-party payors are demanding higher evidence of clinical outcomes, which may affect the reimbursement rates for therapeutic candidates[98]. Legal and Compliance Risks - The company is currently involved in litigation that could negatively affect its business operations and financial condition[120]. - The company may face patent infringement claims that could be costly to defend and impact its ability to compete[135]. - The company may be subject to damages from claims related to the wrongful use of trade secrets by employees or contractors[140]. - The company is subject to environmental, health, and safety laws, which can be expensive and restrict business operations[117]. Geopolitical and Economic Factors - The company is exposed to currency fluctuation risks as a significant portion of its expenses is denominated in non-dollar currencies, which could adversely affect its results of operations[175]. - The ongoing geopolitical situation may lead to increased sanctions and negative measures against Israeli companies, potentially impacting the company's operating results and financial condition[173]. - The company has 24 full-time and 4 part-time employees, all located in Israel, which may expose it to risks from political and military instability in the region[168]. - Since the outbreak of the Israel-Hamas war on October 7, 2023, the company's operations have not been materially affected, and its manufacturing operations remain unaffected as they take place outside of Israel[170].

- Reports meaningful progress in the evaluation of assets for potential in-licensing and development in the areas of oncology and rare diseases - - Executed license agreement with Ayrmid Pharma Ltd. for APHEXDA® (motixafortide) with $10 million upfront payment, up to $87 million in commercial milestones, and high double-digit royalties on net sales - - Completed financings raising combined gross proceeds of $19 million and reduced operating expense run rate by 70%, extending the Company's cash runway throug ...

Company Overview - BioLineRx Ltd. is a clinical-stage biopharmaceutical company focused on developing life-changing therapies in oncology and rare diseases [4] - The company's first approved product is APHEXDA® (motixafortide), indicated for stem cell mobilization for autologous transplantation in multiple myeloma [4] Financial Results Announcement - BioLineRx will release its audited financial results for the year ended December 31, 2024, on March 31, 2025, before U.S. markets open [1] - A conference call will be held at 8:30 a.m. EDT featuring remarks by CEO Philip Serlin [2] Conference Call Details - To access the conference call, dial +1-888-281-1167 from the U.S. or +972-3-918-0685 internationally [3] - A live webcast and replay will be available on the company's website, with a replay accessible approximately two hours after the live call [3]

Core Viewpoint - BioLineRx Ltd. has outlined its strategic long-term vision and financial outlook following a significant licensing agreement for its product APHEXDA, aiming to maximize shareholder value while rebuilding its pipeline with new assets [2][10]. Licensing Agreements - The exclusive license agreement with Ayrmid Ltd. allows for the development and commercialization of APHEXDA outside Asia, with BioLineRx receiving a $10 million upfront payment and potential additional milestones of up to $87 million, plus royalties of 18% to 23% on net sales [4]. - The agreement with Guangzhou Gloria Biosciences Co., Ltd. grants rights for development and commercialization in Asia, with BioLineRx receiving a $15 million upfront payment and potential milestones of approximately $50 million for development and regulatory achievements, along with up to $200 million based on sales targets [5]. Financial Position - The company has strengthened its balance sheet with $29.5 million in cash and a reduced operating burn rate of approximately $12 million per year, providing a cash runway through the second half of 2026 [11][14]. - Recent equity financing of $10 million further supports the company's financial stability and operational goals [11]. Strategic Focus - BioLineRx is returning to its core competency as a lean drug development company, focusing on in-licensing additional assets in oncology and rare diseases over the next two years [6][8]. - The company aims to develop innovative assets while offsetting development costs through royalties and milestones from existing partnerships [10]. Clinical Development - BioLineRx retains rights to develop motixafortide for solid tumor indications outside Asia, with ongoing and planned Phase 2b trials at minimal cost to the company [7]. - The company is actively scouting for promising opportunities that can be acquired or licensed with modest upfront payments and affordable clinical development programs [9]. Nasdaq Compliance - To maintain compliance with Nasdaq's minimum bid price requirement, BioLineRx plans to implement a reverse stock split, changing the ratio of American Depositary Shares to ordinary shares from 15 to 600, effective January 30, 2025 [12][13].

Core Viewpoint - BioLineRx Ltd. has announced a change in the American Depositary Shares (ADS) ratio from 15 ordinary shares per ADS to 600 ordinary shares per ADS, effectively a 1-for-40 reverse stock split, aimed at compliance with Nasdaq listing standards [1][2][3] Group 1: ADS Ratio Change - The new ADS to ordinary share ratio of 1 for 600 will take effect before trading on January 30, 2025, reducing the number of outstanding ADSs from 142,340,133 to 3,558,503 [1][2] - The change is expected to increase the trading price of the ADSs by the same multiple, enhancing their suitability for trading on the Nasdaq Capital Market [2][3] Group 2: Financial Position - BioLineRx has $29.5 million in cash, providing a runway through the second half of 2026, with an annual operating burn of approximately $12 million [3] - The funds will support the ongoing development of motixafortide in pancreatic cancer and pipeline expansion activities [3] Group 3: Compliance and Strategy - The ratio change is designed to address Nasdaq's low-priced stock rule and ensure compliance with listing standards [3] - Maintaining the Nasdaq exchange listing is critical for the company's long-term strategy, which includes potential in-licensing of new assets [3] Group 4: Shareholder Impact - Holders of ordinary shares traded on the Tel Aviv Stock Exchange will not be affected by the new ADS ratio [3] - No fractional ADSs will be issued; instead, holders will receive cash payments for any fractional shares [4]

Core Points - BioLineRx Ltd. has entered into definitive agreements for the purchase of 50,000,000 American Depositary Shares (ADSs) and accompanying warrants at a price of $0.20 per ADS, with the offering expected to close around January 7, 2025 [1][3] - The gross proceeds from the offering are anticipated to be approximately $10 million, which will be used for research and development, expanding the drug pipeline, and general corporate purposes [3] - H.C. Wainwright & Co. is acting as the exclusive placement agent for this offering [2] Company Overview - BioLineRx is a biopharmaceutical company focused on developing therapies for oncology and rare diseases, with its first approved product being APHEXDA® for stem cell mobilization in multiple myeloma [6] - The company utilizes its expertise in development, regulatory affairs, manufacturing, and commercialization to advance its innovative pipeline [6] Offering Details - The offering is made under a "shelf" registration statement filed with the SEC, and the securities will be offered only by means of a prospectus [4] - Each ADS represents fifteen ordinary shares of BioLineRx, with the warrants exercisable immediately upon issuance and expiring five years from the initial exercise date [1]

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $4.9 million, compared to no revenue in Q3 2023, reflecting $3.2 million from the Gloria Biosciences license and $1.7 million from APHEXDA product sales [35][41] - Net loss for Q3 2024 was $5.8 million, significantly reduced from a net loss of $16 million in Q3 2023 [40] - Cash, cash equivalents, and short-term bank deposits as of September 30, 2024, were $29.2 million, expected to be approximately $20 million post-transaction, sufficient to fund operations into 2026 [41] Business Line Data and Key Metrics Changes - APHEXDA achieved a 10% market share milestone in total CXCR4 inhibitor usage in the U.S. by the end of Q3 2024, capturing 10% of the market [29][30] - There was a 40% increase in the number of institutions ordering APHEXDA during Q3 compared to Q2 [28] Market Data and Key Metrics Changes - The agreement with Ayrmid Limited allows BioLineRx to focus on drug development while benefiting from APHEXDA's commercial potential, particularly in stem cell mobilization and sickle cell disease [7][10] - The company plans to evaluate early-stage clinical assets in oncology and rare diseases, leveraging its expertise in complex drug development [11] Company Strategy and Development Direction - The company is transitioning to a streamlined organization focused on clinical development in Israel, reducing annual cash burn by over 70% effective January 1, 2025 [17][18] - BioLineRx aims to add two new clinical assets in 2025 and 2026, focusing on oncology and rare diseases with low upfront payments [44][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing PDAC program, highlighting strong scientific rationale for continued development despite the challenges of treating pancreatic cancer [21][26] - The company anticipates interim data from the ongoing Phase 2b study in 2026, which could lead to potential business development discussions [48][64] Other Important Information - The company received a $10 million upfront payment and is eligible for up to $87 million in potential commercial milestones from the licensing agreement with Ayrmid [8][15] - The restructuring of debt with BlackRock includes repayment of $16.5 million of outstanding debt, with favorable terms for the remaining balance [18] Q&A Session Summary Question: Pipeline growth and potential in-licensing - Management confirmed plans to in-license one asset in 2025 and another in 2026, with ongoing evaluations of potential candidates [47] Question: Mixing pancreatic program with additional solid tumor indications - Management views PDAC as a prototype for other solid tumors but plans to limit further investment in PDAC at this time [48] Question: Integration time within APHEXDA program and potential sales impact - Management expects a seamless transition with no significant lag in sales due to the transfer of employees and ongoing support [52] Question: Company's core competencies and future asset additions - Management highlighted the experienced development team and plans to focus on early-stage clinical assets in oncology and rare diseases [56][58] Question: Expected reduction in expenses for 2025 - Management indicated a 70% reduction in overall spending, including decreases in G&A expenses, while maintaining R&D commitments at a low cost [62][63] Question: Potential revenues from China - Management hopes for initial revenues from China in 2025, although control over the timeline is limited [67]

Core Points - BioLineRx has entered into a license agreement with Ayrmid Ltd. for its FDA-approved stem cell mobilization agent, motixafortide (APHEXDA), which includes a $10 million upfront payment and potential commercial milestones of up to $87 million, along with royalties on net sales ranging from 18% to 23% [1][3][4] - BioLineRx retains the rights to develop and commercialize motixafortide in solid tumors, including pancreatic ductal adenocarcinoma (PDAC) [1][7] - The agreement allows BioLineRx to significantly reduce its operational expenses and long-term debt, enabling a focus on high unmet needs in oncology and rare diseases [1][5][6] Financial Aspects - The $9 million equity investment from Highbridge Capital Management will support BioLineRx's pipeline and expansion efforts [1][6] - The combination of upfront payments, potential milestones, and royalties is expected to provide a strong financial foundation for BioLineRx to advance its therapeutic pipeline [6] Strategic Developments - Ayrmid will incorporate APHEXDA into its commercial portfolio, which includes Gamida Cell's OMISIRGE®, enhancing its capabilities in the stem cell transplant market [4][9] - BioLineRx plans to continue the development of motixafortide for PDAC through collaborations, including ongoing Phase 2b studies [7] Upcoming Events - BioLineRx will provide further updates during its Q3 results conference call scheduled for November 25, 2024 [1][12]

Core Points - BioLineRx Ltd. will release its unaudited financial results for Q3 2024 on November 25, 2024, before U.S. markets open [1] - A conference call will be held at 8:30 a.m. EST featuring remarks by CEO Philip Serlin [2] - The company is focused on developing therapies in oncology and rare diseases, with its first approved product being APHEXDA® for stem cell mobilization in multiple myeloma [4] Company Overview - BioLineRx Ltd. is a commercial stage biopharmaceutical company headquartered in Israel, with operations in the U.S. [4] - The company is advancing a pipeline of investigational medicines targeting sickle cell disease, pancreatic cancer, and other solid tumors [4] - BioLineRx aims to drive innovative therapeutics from development to commercialization, ensuring that discoveries reach patients effectively [4]