Agios Pharmaceuticals, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $12.5 million, a significant increase from $8.6 million in the same period last year. For the first half of 2025, the company generated $21.2 million in revenue, up from $16.8 million in the first half of 2024. The growth in revenue is attributed to increased sales volume of its lead product, PYRUKYND® (mitapivat), which is approved for treating hemolytic anemia in adults with pyruvate kinase deficiency.
Despite the revenue growth, Agios reported a net loss of $112.0 million for the second quarter of 2025, compared to a net loss of $96.1 million in the same quarter of 2024. For the first half of 2025, the net loss was $201.3 million, up from $177.7 million in the prior year. The increase in losses is primarily due to higher operating expenses, which rose to $139.5 million in the second quarter, driven by increased research and development costs and selling, general, and administrative expenses. Research and development expenses alone reached $91.9 million for the quarter, reflecting ongoing investments in clinical trials and product development.
In terms of strategic developments, Agios has made significant strides in expanding its product offerings and market reach. The company entered into distribution agreements with NewBridge Pharmaceuticals for commercialization in the Gulf Cooperation Council region and with Avanzanite Bioscience for the European Economic Area, Switzerland, and the U.K. Additionally, Agios is actively pursuing regulatory approvals for PYRUKYND® for the treatment of thalassemia, with a Prescription Drug User Fee Act (PDUFA) goal date set for September 7, 2025.
Operationally, Agios reported a cash, cash equivalents, and marketable securities balance of $1.3 billion as of June 30, 2025, which the company believes will be sufficient to fund its operations for at least the next twelve months. The company continues to focus on advancing its clinical programs, including ongoing trials for PYRUKYND® in sickle cell disease and thalassemia, as well as developing new product candidates like tebapivat and AG-236. Looking ahead, Agios anticipates continued investment in research and development, with expectations of incurring significant expenses as it prepares for potential product launches and expands its clinical pipeline.
About AGIOS PHARMACEUTICALS, INC.
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