Solid Biosciences Reports First Quarter 2025 Financial Results and Provides Business Updates

Core Insights - Solid Biosciences is advancing its gene therapy candidates for neuromuscular and cardiac diseases, with significant progress in clinical trials and regulatory interactions anticipated in the near future [1][2][4] Company Updates - The Phase 1/2 INSPIRE DUCHENNE trial for SGT-003 is ongoing, with participant dosing currently in progress and initial data showing positive results in microdystrophin expression and muscle integrity biomarkers [1][2][6] - The first participant dosing for SGT-212, targeting Friedreich's Ataxia, is expected in the second half of 2025, following FDA clearance of the IND [1][5][7] - The FDA IND submission for SGT-501, aimed at treating Catecholaminergic Polymorphic Ventricular Tachycardia (CPVT), is on track for the first half of 2025 [1][8] Financial Highlights - As of March 31, 2025, the company reported $306.9 million in cash, cash equivalents, and available-for-sale securities, providing a cash runway into the first half of 2027 [1][10] - Research and Development (R&D) expenses for Q1 2025 were $30.9 million, an increase from $18.9 million in Q1 2024, primarily due to costs associated with SGT-003 and other development programs [10][14] - General and Administrative (G&A) expenses rose to $9.1 million in Q1 2025 from $8.0 million in Q1 2024, mainly due to increased personnel-related costs [10][14] - The net loss for Q1 2025 was $39.3 million, compared to a net loss of $24.3 million in Q1 2024 [10][14]