Metagenomi Inc., a precision genetic medicines company, has released its first quarter 2025 financial results, reporting a cash position of $226.0 million in cash, cash equivalents, and available-for-sale marketable securities as of March 31, 2025. This financial standing is anticipated to support the company's operations into 2027. The company's research and development (R&D) expenses for the quarter ending March 31, 2025, totaled $25.1 million, showing a decrease from $31.4 million in the same period of 2024. General and administrative (G&A) expenses were $6.8 million, down from $8.8 million in the comparable period of the previous year. Metagenomi highlighted significant progress in its Hemophilia A program, reporting that results from a nonhuman primate study demonstrated consistent factor VIII activity at therapeutically relevant levels throughout an approximately 19-month study duration. These findings are expected to inform the strategy for their MGX-001 program as they move forward. Additionally, the company is preparing to present at upcoming scientific conferences, including the ASGCT 28th Annual Meeting and the TIDES USA 2025 Meeting, sharing insights on their AI-driven metagenomics platform and advancements in genome editing technologies.
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