Core Insights - Dyne Therapeutics has extended its cash runway into Q3 2027, supporting multiple potential inflection points including the planned commercial launch of DYNE-251 in early 2027 [1][2] - The Registrational Expansion Cohort of the DELIVER Trial for DYNE-251 in Duchenne Muscular Dystrophy (DMD) is fully enrolled, aiming for U.S. Accelerated Approval submission in early 2026 [1][7] - The ACHIEVE Trial for DYNE-101 in Myotonic Dystrophy Type 1 (DM1) is ongoing, with plans for U.S. Accelerated Approval submission in late 2026 [1][7] Financial Performance - As of June 30, 2025, Dyne reported cash, cash equivalents, and marketable securities totaling $683.9 million, with an additional estimated net proceeds of approximately $215.2 million from a public offering completed in July 2025 [10][12] - Research and Development (R&D) expenses for Q2 2025 were $99.2 million, up from $62.3 million in Q2 2024, while General and Administrative (G&A) expenses increased to $16.6 million from $9.7 million [11][12] - The net loss for Q2 2025 was $110.9 million, or $0.97 per share, compared to a net loss of $65.1 million, or $0.70 per share, in Q2 2024 [12][18] Clinical Development - Dyne is advancing its clinical programs for DM1 and DMD, with two data readouts expected in 2026 and potential commercial launches in 2027 [2][7] - The FDA granted Breakthrough Therapy Designation to DYNE-101 for DM1, and a revised protocol for the ACHIEVE trial has been submitted [7] - Dyne plans to initiate a confirmatory Phase 3 clinical trial for DYNE-101 in Q1 2026 and has completed enrollment of 32 patients in the DELIVER trial [7][9] Financing Updates - In June 2025, Dyne secured a $275 million non-dilutive senior secured term loan facility with Hercules Capital, which includes an initial term loan of $100 million [6][8] - The company completed a public offering of 27,878,788 shares at a price of $8.25 per share, generating gross proceeds of approximately $230 million [8][10] Research Focus - Dyne Therapeutics is focused on developing therapeutics for genetically driven neuromuscular diseases, including DM1, DMD, and preclinical programs for Facioscapulohumeral Muscular Dystrophy (FSHD) and Pompe disease [13]