Entera Bio Announces Full Year 2024 Financial Results and Provides Business Updates

Core Insights - Entera Bio Ltd. reported significant advancements in its oral peptide and protein replacement therapies, particularly in osteoporosis and obesity treatments, during 2024 [2][4][12] - The company aims to address unmet medical needs with its innovative N-Tab™ platform, focusing on oral formulations for conditions like osteoporosis, hypoparathyroidism, and short bowel syndrome [12] Financial Performance - For the year ended December 31, 2024, Entera reported a net loss of $9.5 million, or$0.25 per share, compared to a net loss of $8.9 million, or$0.31 per share, for 2023 [11][21] - As of December 31, 2024, the company had cash and cash equivalents of $8.7 million, which increased to$21 million by March 28, 2025, due to investments from institutional shareholders [9] Key Achievements - Entera advanced its EB613 program, the first oral PTH(1-34) tablet treatment candidate for women with osteoporosis, and is preparing for a pivotal Phase 3 study [3][4] - The company also announced the first GLP-1/glucagon agonist peptide tablet candidate for obesity, with promising pharmacokinetic results [5][10] - Entera's collaboration with OPKO Health has been pivotal in developing its oral peptide therapies, including the oral GLP-2 tablets for short bowel syndrome [10][12] Research and Development - Research and development expenses for 2024 were $4.5 million, consistent with the previous year, reflecting ongoing efforts in clinical trials and preparation for future studies [9][21] - The company is focused on innovative approaches to osteoporosis treatment, with the SABRE project under FDA review to qualify bone mineral density as a surrogate endpoint for fractures [3][6] Market Potential - Entera targets a significant market with an estimated 200 million women suffering from osteoporosis, highlighting the need for new treatment options [3] - The company's oral therapies aim to improve patient compliance and address the limitations of current injectable treatments for conditions like short bowel syndrome and obesity [10][12]