PepGen reports third quarter net loss of $18.0 million
PepGen Inc. reported a net loss of $18.0 million, or $(0.52) per basic and diluted share, for the three months ended September 30, 2025, compared to a net loss of $21.4 million, or $(0.66) per share, in the same period of 2024. Research and development expenses were $13.4 million, down from $17.7 million, while general and administrative expenses were $5.2 million, compared to $5.4 million in the previous year. As of September 30, 2025, PepGen held $163.7 million in cash, cash equivalents, and marketable securities, with a cash runway projected into the second half of 2027. During the quarter, the company highlighted positive clinical data from its FREEDOM-DM1 program and completed enrollment in the FREEDOM2-DM1 study, with a readout expected in the first quarter of 2026. PepGen also completed a $115 million financing round.
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