vTv Therapeutics Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $5.1 million, or $0.77 per share, compared to a net loss of $4.9 million, or $1.17 per share, in the same period last year. The company did not generate any revenue during the quarter, a significant decrease from the $1.0 million reported in the first quarter of 2024, which was attributed to milestone payments from a collaboration agreement. Total operating expenses for the quarter were $6.5 million, slightly down from $6.6 million in the prior year, primarily due to reduced general and administrative costs.
The company’s cash and cash equivalents decreased to $31.1 million as of March 31, 2025, down from $36.7 million at the end of 2024. This decline was driven by cash used in operating activities, which amounted to $5.7 million for the quarter, a decrease from $7.3 million in the same period last year. vTv Therapeutics has an accumulated deficit of $304.8 million, reflecting its ongoing investment in research and development without generating product revenue to date.
In terms of operational developments, vTv Therapeutics continues to focus on its lead product candidate, cadisegliatin, which is in clinical trials for the treatment of type 1 diabetes. The company has recently resumed its CATT1 trial after addressing a clinical hold imposed by the FDA. The trial aims to assess the drug's effectiveness in reducing hypoglycemia in patients. The company is also exploring additional financing strategies to extend its cash runway, including potential licensing agreements and direct equity investments.
The company’s workforce remains stable, with no significant changes reported in employee headcount. vTv Therapeutics is actively evaluating its financing options to support ongoing clinical trials and operational needs, as it anticipates continued losses in the near term. The management has expressed concerns regarding its ability to continue as a going concern if additional capital is not secured. The company is also preparing for potential international registrational studies for cadisegliatin, expected to commence in 2027.
Looking ahead, vTv Therapeutics remains focused on advancing its clinical programs while navigating the challenges of funding and regulatory approvals. The company’s future revenue generation will depend on the successful development and commercialization of its drug candidates, which are currently in various stages of clinical trials.
About vTv Therapeutics Inc.
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