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Assembly Biosciences (ASMB) investor relations material
Assembly Biosciences Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Licensed helicase-primase inhibitor program for recurrent genital herpes to Gilead after positive Phase 1b data, receiving a $35 million option fee.
Initiated process to find a partner for ABI-4334 after Gilead declined its option.
Cash position at year-end 2025 was $248.1 million, projected to fund operations into 2028.
Financial highlights
Revenue from collaborative research was $72.3 million for 2025, up from $28.5 million in 2024, reflecting increased collaboration funding.
Research and development expenses rose to $64.8 million in 2025 from $55.9 million in 2024, mainly due to increased spending on the HPI program.
General and administrative expenses increased to $19.6 million in 2025 from $18.0 million in 2024, driven by higher professional fees and stock-based compensation.
Net loss attributable to common stockholders was $6.1 million ($0.55 per share) in 2025, a significant improvement from $40.2 million ($6.69 per share) in 2024.
Outlook and guidance
Decision on whether to opt in to a 40% U.S. cost-profit share for the herpesvirus HPI program expected by mid-2026, pending Gilead's development plan.
Phase 2 clinical study for ABI-6250 in chronic hepatitis delta virus anticipated by end of 2026.
- Biotech firm launches $100M at-the-market stock offering to fund antiviral pipeline and operations.ASMB
Registration filing19 Mar 2026 - Shelf registration allows up to $250M in securities to fund antiviral R&D and operations.ASMB
Registration Filing16 Dec 2025 - Gilead is reselling 6.98M shares, with no proceeds to the issuer, amid deep R&D collaboration.ASMB
Registration Filing16 Dec 2025 - Up to 98% HSV-2 shedding reduction and strong safety seen in Phase 1b for two novel therapies.ASMB
Study Result9 Dec 2025 - Shareholders will vote on director elections, compensation, auditor, and equity plan amendments.ASMB
Proxy Filing2 Dec 2025 - Director elections, compensation, plan amendments, and auditor ratification up for vote.ASMB
Proxy Filing2 Dec 2025 - Major clinical readouts in HBV, hepatitis delta, and herpes expected within six months.ASMB
Jefferies Global Healthcare Conference 202521 Nov 2025 - Potent once-weekly herpes therapies show >90% efficacy, with pivotal trials and Gilead partnership ahead.ASMB
Guggenheim Securities 2nd Annual Healthcare Innovation Conference17 Nov 2025 - Strong clinical progress and Gilead partnership drive pipeline for viral disease therapies.ASMB
Corporate Presentation14 Nov 2025
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