Core Insights - iBio, Inc. has reported transformative progress in its fiscal year 2025, focusing on advancing its pipeline in cardiometabolic diseases and obesity, with significant developments in antibody therapies [2][3] Financial Results - Revenues for the fiscal year ended June 30, 2025, were approximately $0.4 million, an increase of $0.2 million compared to fiscal year 2024 [8] - Research and Development (R&D) expenses increased to $8.3 million from $5.2 million in the previous year, primarily due to higher spending on consultants and outside services [9] - General and Administrative expenses decreased to approximately $10.7 million from $11.7 million, attributed to reduced personnel-related costs and lower insurance premiums [10] - The company reported a net loss of $18.4 million for the fiscal year, compared to a net loss of $24.9 million in the previous year [16] Pipeline Developments - iBio has developed a differentiated preclinical portfolio, including IBIO-610, which demonstrated a 26% reduction in fat mass without loss of lean mass in a study involving diet-induced obese mice [5] - The company is advancing IBIO-600, a long-acting anti-myostatin antibody, through pharmacokinetics studies showing extended half-life and dose-dependent muscle growth [5] - A bispecific antibody targeting myostatin and activin A is being developed to promote weight loss and muscle preservation [5] Corporate Developments - iBio began trading on the Nasdaq Stock Market under the ticker symbol "IBIO," enhancing visibility and trading liquidity [4] - The company raised $6.2 million through a warrant inducement transaction and completed a $50 million public offering, with potential total gross proceeds of up to $100 million [13] - The Board was expanded with industry veterans to strengthen leadership in capital markets and antibody development [13] Strategic Focus - The company is committed to leveraging AI and advanced computational biology to develop next-generation biopharmaceuticals for unmet medical needs in cardiometabolic diseases, obesity, and cancer [12]