Vivoryon Therapeutics N.V. Reports H1 2025 Financial Results and Business Updates

Core Insights - Vivoryon Therapeutics N.V. reported financial results for H1 2025, highlighting progress in its clinical programs, particularly with varoglutamstat for kidney diseases [2][3][15] Financial Performance - Revenues for the six months ended June 30, 2025, were zero, consistent with the same period in 2024 [15] - Research and development expenses decreased by EUR 7.5 million to EUR 2.8 million compared to EUR 10.3 million in H1 2024, primarily due to reduced clinical development costs [16] - General and administrative expenses were EUR 2.8 million, down from EUR 3.5 million in H1 2024, attributed to lower personnel and consulting costs [17] - The net loss for H1 2025 was EUR 5.5 million, significantly reduced from EUR 13.6 million in H1 2024 [17] - Cash and cash equivalents stood at EUR 4.8 million as of June 30, 2025, down from EUR 9.4 million at the end of 2024 [18] Clinical Developments - The company has made significant advancements in the clinical program for varoglutamstat, including a new patent in the U.S. extending exclusivity through 2044 [3][6] - Compelling data from the VIVIAD and VIVA-MIND studies were presented, showing that varoglutamstat significantly improved eGFR kidney function [7][8] - Pre-clinical data indicated a synergistic effect of varoglutamstat in combination with SGLT-2 inhibitors, suggesting potential for enhanced treatment efficacy [5][11] Strategic Initiatives - Vivoryon plans to initiate a Phase 2b clinical study in diabetic kidney disease (DKD), contingent on additional funding or partnerships [9][21] - The company entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors for up to EUR 15 million in ordinary shares over the next 36 months, aimed at enhancing financial flexibility [14] Intellectual Property - The company expanded its intellectual property portfolio with a new patent for varoglutamstat, which could provide additional market protection [10][6] Management Updates - Julia Neugebauer was appointed as Chief Operating Officer, overseeing investor relations and corporate functions [20] - CFO Anne Doering will take a temporary leave, with Marcus Irsfeld stepping in as acting CFO [20]