Brii Biosciences Provides Corporate Updates and Reports 2025 Interim Financial Results

Core Insights - Brii Biosciences Limited is advancing its hepatitis B virus (HBV) functional cure program through multiple Phase 2b trials, including ENRICH and ENHANCE studies, aiming for higher cure rates [2][5] - The company has entered a strategic collaboration with Joincare Pharmaceutical Group for the development of soralimixin in Greater China, enhancing its portfolio and partnership strategy [2][8] - Brii Bio maintains a strong cash position of US$289.9 million, sufficient to support its late-stage development plans and early discovery initiatives [3][13] HBV Program Updates - The ENSURE study shows that prior treatment with BRII-179 and elebsiran can induce robust anti-HBs responses, with 61% of patients achieving HBsAg seroclearance at Week 48 [6] - The company is assessing BRII-179 in two additional Phase 2b trials, ENRICH and ENHANCE, to identify optimal combination regimens for HBV treatment [12] - Data from the ongoing studies are expected to inform the next phase of the clinical strategy for HBV functional cure [9][12] Financial Performance - As of June 30, 2025, the company's cash and cash equivalents were RMB2,075.3 million, a decrease of 14.0% from the previous year, primarily due to R&D expenditures [13] - Research and development expenses for the first half of 2025 were RMB117.0 million, reflecting a decrease of 7.3% compared to the same period in 2024, indicating effective cost control measures [13][20] - Administrative expenses decreased by 26.0% to RMB58.2 million, attributed to reduced employee costs and facility-related expenses [20] Strategic Outlook - Brii Bio is committed to delivering innovative therapies for infectious diseases, with a focus on achieving a functional cure for HBV [9] - The company plans to continue expanding its internal discovery capabilities and partnerships to drive sustainable growth [4][10] - Key data readouts from the HBV functional cure program are expected in the first half of 2026, which will shape future clinical strategies [9]