{"id":30585,"date":"2025-08-21T12:48:35","date_gmt":"2025-08-21T12:48:35","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/brii-biosciences-provides-corporate-updates-and-reports-2025-interim-financial-results\/"},"modified":"2025-08-21T12:48:35","modified_gmt":"2025-08-21T12:48:35","slug":"brii-biosciences-provides-corporate-updates-and-reports-2025-interim-financial-results","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=30585","title":{"rendered":"Brii Biosciences Provides Corporate Updates and Reports 2025 Interim Financial Results"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1690538\/Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><i>Multiple Ongoing Phase <span class=\"xn-money\">2b<\/span> Studies Advancing HBV Functional Cure Strategy<\/i><\/p>\n<p class=\"prntac\"><i>Greater China Partnership with Joincare to Accelerate Development of Critical Care Antibiotic soralimixin<\/i><\/p>\n<p class=\"prntac\"><i>Strong Cash Position to Pursue New Discovery Opportunities and Partnership Strategy<\/i><\/p>\n<p class=\"prntac\"><i>Conference Calls Scheduled:\u00a0<br \/><\/i><i>English Session: <\/i><i><span class=\"xn-chron\">August 21<\/span> at <span class=\"xn-chron\">9:00 p.m.<\/span> HKT \/ 9:00 a.m. ET\u00a0<br \/><\/i><i>Chinese Session: <span class=\"xn-chron\">August 22<\/span> at <span class=\"xn-chron\">9:00 a.m.<\/span> HKT \/ <span class=\"xn-chron\">August 21<\/span> at <span class=\"xn-chron\">9:00 p.m. ET<\/span><\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">DURHAM, N.C.<\/span>, and <span class=\"xn-location\">BEIJING<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 21, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/www.briibio.com\/en\/\" target=\"_blank\" rel=\"nofollow\">Brii Biosciences Limited<\/a>\u00a0(&#8220;<span class=\"xn-person\">Brii Bio<\/span>,&#8221; or the &#8220;Company,&#8221; stock code: 2137.HK), a biotechnology company developing therapies to improve patient health across diseases with high unmet medical need, today provided a corporate update and reported its financial results for the six-month period ended <span class=\"xn-chron\">June 30, 2025<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<\/div>\n<p>In the first half of 2025, <span class=\"xn-person\">Brii Bio<\/span> rapidly advanced its core hepatitis B virus (HBV) functional cure program through multiple confirmatory Phase <span class=\"xn-money\">2b<\/span> trials, including ENRICH and ENHANCE studies, seeking combination regimens with higher HBV functional cure rates. Encouraged by promising data from Cohort 4 of the ENSURE study, presented at both the Asian Pacific Association for the Study of the Liver (APASL) and the European Association for the Study of the Liver (EASL) Congress 2025 supporting the potential of its patient enrichment strategy through BRII-179 induced anti-HBs response, the Company initiated a new cohort in an amended protocol within the ENHANCE study. This amendment evaluates a new triple regimen cohort with BRII-179 and elebsiran combination treatment followed by an added short-course pegylated interferon alpha (PEG-IFN\u03b1) treatment. This new cohort was fully enrolled in <span class=\"xn-chron\">July 2025<\/span>. Beyond its HBV pipeline, <span class=\"xn-person\">Brii Bio<\/span> entered into a strategic license collaboration with Joincare Pharmaceutical Group Industry Co., Ltd (&#8220;Joincare\u00a0Group&#8221;) for the development of soralimixin (BRII-693) in the <span class=\"xn-location\">Greater China<\/span> region. The Company has expanded its new discovery efforts to further broaden its portfolio and will continue to pursue partnership to extend the cash runway. \u00a0<\/p>\n<p>With effective cost control measures in place, <span class=\"xn-person\">Brii Bio<\/span> remains well-capitalized, maintaining a cash position of <span class=\"xn-money\">US$289.9 million<\/span>, which is sufficient to support its late-stage development plans for its core HBV functional cure program and early discovery initiatives.<\/p>\n<p>&#8220;We made significant strides in our HBV cure program during the first half of 2025, highlighted by encouraging\u00a0data from Cohort 4 of the ENSURE study and the rapid advancement of ENRICH and ENHANCE studies.&#8221; said Dr. <span class=\"xn-person\">Zhi Hong<\/span>, Chairman and Chief Executive Officer of <span class=\"xn-person\">Brii Bio<\/span>, &#8220;These achievements reflect Brii&#8217;s experience and commitment to discovering innovative curative treatments for patients with chronic HBV infection. Meanwhile, the out-licensing of soralimixin in <span class=\"xn-location\">Greater China<\/span> and our continued investment in early-stage discovery programs reinforce our strategy of combining internal innovation with strategic external collaborations to drive sustainable growth.&#8221;<\/p>\n<p><b>Corporate and Clinical Updates<\/b><\/p>\n<p><b>HBV Program<\/b><\/p>\n<p>Brii Bio\u00a0continues to advance its HBV pipeline with a strong focus on achieving higher\u00a0rates of HBV functional cure through novel combination regimens. The Company is progressing multiple ongoing Phase <span class=\"xn-money\">2b<\/span> combination studies (ENSURE, ENRICH and ENHANCE) with its differentiated HBV candidates, including elebsiran, an HBV-targeting siRNA, and\u00a0BRII-179, a recombinant protein-based HBV immunotherapeutic.\u00a0<\/p>\n<ul type=\"disc\">\n<li>BRII-179 demonstrated encouraging results in the Cohort 4 of ENSURE study, with key data presented at APASL and EASL 2025:\n<ul type=\"disc\">\n<li>At Week 48 (end of treatment [EOT]), 61% (11\/18) of patients who previously responded to BRII-179 achieved HBsAg seroclearance, compared to 10% (1\/10) of non-responders. Among responders, 91% (10\/11) developed anti-HBs titers \u2265100 IU\/L.<\/li>\n<li>BRII-179-experienced participants achieved faster HBsAg loss, with 83% (10\/12) achieving loss by Week 24, versus 55% (6\/11) in BRII-179 na\u00efve participants.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"prnml40\">The ENSURE study results demonstrate that prior treatment with BRII-179 and elebsiran can induce robust anti-HBs responses and enrich for patients more likely to achieve HBsAg loss. These data also suggest that most HBsAg loss may be achievable with a shorter PEG-IFN\u03b1 treatment duration (24 weeks).<\/p>\n<p class=\"prnml40\">The 24-week follow-up data of Cohort 4 of ENSURE study are expected in 2H 2025 and will be presented at a scientific conference.<\/p>\n<ul type=\"disc\">\n<li>To further define BRII-179&#8217;s role in HBV treatment and identify the optimal combination regimen for advancement into a registrational study, the Company is assessing BRII-179 in two additional Phase <span class=\"xn-money\">2b<\/span> trials:\n<ul type=\"disc\">\n<li>ENRICH Study: Evaluates the role of BRII-179 in priming HBV-specific immunity and\/or identifying immuno-responsive patients with a higher likelihood of achieving functional cure. We continue to believe that BRII-179 may play a unique role as part of the curative regimens.<\/li>\n<li>ENHANCE Study:<br \/>Evaluates a triple combination treatment regimen of BRII-179 and elebsiran plus PEG-IFN\u03b1 to enhance the functional cure rate.<br \/>Based on insight from ENSURE Cohort 4, we amended the protocol to evaluate a simplified triple combination regimen aimed at shortening PEG-IFN\u03b1 treatment duration to 24 weeks.<br \/>All studies have been fully enrolled. EOT data from ENRICH and ENHANCE are expected to be presented at a scientific conference in the first half of 2026.<\/li>\n<\/ul>\n<\/li>\n<li>The Company has engaged with CDE of NMPA on potential Phase 3 study design and primary endpoints. The results from the ongoing ENRICH and ENHANCE studies will inform which final combination regimen will be taken forward to potential registrational studies.<\/li>\n<\/ul>\n<p><b>Additional Clinical Programs<\/b><\/p>\n<p><span class=\"xn-person\">Brii Bio<\/span> is actively\u00a0seeking external partnerships to advance the development and commercialization of its therapeutic candidates for HIV and multidrug-resistant\/extensively drug-resistant (MDR\/XDR) infections.<\/p>\n<ul type=\"disc\">\n<li>In <span class=\"xn-chron\">July 2025<\/span>, the Company announced the strategic out-licensing agreement with Joincare Group for the research, development, and commercialization of soralimixin (BRII-693) in <span class=\"xn-location\">Greater China<\/span> region. This collaboration will leverage Joincare Group&#8217;s strong capabilities in anti-infective therapeutics to accelerate the development and maximize the commercial potential of soralimixin (BRII-693). The Company will continue to seek non-dilutive funding or partnership opportunities for rights outside of <span class=\"xn-location\">Greater China<\/span>.<\/li>\n<\/ul>\n<p><b>Outlook<\/b><\/p>\n<p>Looking ahead, <span class=\"xn-person\">Brii Bio<\/span> remains committed to\u00a0delivering innovative therapies for infectious diseases, with a continued focus on achieving a functional cure for HBV.<\/p>\n<p>With key data readouts\u00a0from its HBV functional cure program\u00a0expected in the first half of 2026, the Company is well-positioned to make informed decisions that will shape the next phase of its HBV\u00a0functional cure\u00a0clinical strategy.<\/p>\n<p>Following the appointment of its new CSO last year, <span class=\"xn-person\">Brii Bio<\/span> has further expanded its internal discovery team and capabilities, complementing the continued advancement of its core HBV program. <span class=\"xn-person\">Brii Bio<\/span> will continue to scale up its early discovery efforts to strengthen its innovation engine and reinforce its position at the forefront of biotech breakthroughs.<\/p>\n<p><b>Interim 2025 Financial Results<\/b>\u00a0<\/p>\n<ul type=\"disc\">\n<li>The Company maintains a strong cash position to support its operations through 2028. Our bank deposits and cash and cash equivalents were <span class=\"xn-money\">RMB2,075.3 million<\/span> as of <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB338.1 million<\/span> or 14.0% compared with <span class=\"xn-money\">RMB2,413.4 million<\/span> as of <span class=\"xn-chron\">December 31, 2024<\/span>. The decrease was primarily due to payout of research and development activities and daily operations.<\/li>\n<li>Through pipeline prioritization, resource optimization, internalization of certain clinical development activities, and cost-saving measures of third-party contractors, we have effectively controlled our operational expenses. Research and development expenses were <span class=\"xn-money\">RMB117.0 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB9.2 million<\/span> or 7.3%, compared with <span class=\"xn-money\">RMB126.2 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>. The decrease reflected disciplined pipeline prioritization and organizational streamlining, while maintaining continued investment in core programs during the first half of 2025.\u00a0<\/li>\n<li>Administrative expenses were <span class=\"xn-money\">RMB58.2million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB20.4 million<\/span> or 26.0%, compared with <span class=\"xn-money\">RMB78.6 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>. The decrease was primarily attributable to the decrease in employee cost of <span class=\"xn-money\">RMB9.5 million<\/span> and the decrease in facility-related costs and professional service fees of <span class=\"xn-money\">RMB8.4 million<\/span>, which was primarily attributable to organizational optimization and effective cost control.\u00a0<\/li>\n<li>Other income was <span class=\"xn-money\">RMB28.1 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB42.8 million<\/span> or 60.4%, compared with <span class=\"xn-money\">RMB70.9 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>. This was mainly due to the decrease in bank interest income of <span class=\"xn-money\">RMB21.6 million<\/span> attributable to the declining interest rates on CNY and HKD time deposits, reallocation of short-term deposits to money market fund investments, and the decrease in income recognized from PRC government grants.<\/li>\n<\/ul>\n<p><b>Conference Call Information<\/b><\/p>\n<p>The Company will host two live conference calls. The English session will be held <span class=\"xn-chron\">August 21<\/span> at <span class=\"xn-chron\">9:00 p.m.<\/span> HKT (<span class=\"xn-chron\">9:00 a.m. ET<\/span>), For the registration link, please click\u00a0<a href=\"https:\/\/briibio.zoom.us\/webinar\/register\/WN_nrM5dKlwREeKFhY_9ZKwoA\" target=\"_blank\" rel=\"nofollow\">here<\/a>. Followed by a Chinese session on <span class=\"xn-chron\">August 22<\/span> at <span class=\"xn-chron\">9:00 a.m.<\/span> HKT (<span class=\"xn-chron\">9:00 p.m. ET<\/span> on <span class=\"xn-chron\">August 21<\/span>). For the registration link, please click\u00a0<a href=\"https:\/\/s.comein.cn\/3mgvnnb2\" target=\"_blank\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>All participants shall use the link provided above to complete the online registration process prior to the conference call. A replay of the conference call will be available after the call and can be accessed by visiting the Company&#8217;s website at\u00a0<a href=\"https:\/\/www.briibio.com\/en\/\" target=\"_blank\" rel=\"nofollow\">www.briibio.com<\/a>\u00a0under the Investor Relations section.<\/p>\n<p>This press release contains references to third-party information. Such information is not deemed to be incorporated by reference in this press release. <span class=\"xn-person\">Brii Bio<\/span> disclaims responsibility for such third-party information.<\/p>\n<p><b>About <span class=\"xn-person\">Brii Bio<\/span><\/b><\/p>\n<p>\u00a0Brii Biosciences Limited (&#8220;<span class=\"xn-person\">Brii Bio<\/span>,&#8221; stock code: 2137.HK) is a biotechnology company developing therapies to address major public health challenges where patients experience high unmet medical needs, limited choice and significant social stigmas. With a focus on infectious diseases, the Company is advancing a broad pipeline of unique therapeutic candidates with lead programs against hepatitis B virus (HBV) infection. The Company is led by a visionary and experienced leadership team and has operations in key biotech hubs, including <span class=\"xn-location\">Raleigh-Durham<\/span>, the <span class=\"xn-location\">San Francisco Bay Area<\/span>, <span class=\"xn-location\">Beijing<\/span> and <span class=\"xn-location\">Shanghai<\/span>. For more information, visit\u00a0<a href=\"https:\/\/www.briibio.com\/en\/\" target=\"_blank\" rel=\"nofollow\">www.briibio.com<\/a>.<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>The information communicated in this press release contains certain statements that are or may be forward-looking. These statements typically contain words such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;believes,&#8221; &#8220;plans&#8221; and &#8220;anticipates,&#8221; and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There may be additional material risks that are currently not considered to be material or of which the Company is unaware. These forward-looking statements are not a guarantee of future performance. Against the background of these uncertainties, readers should not rely on these forward-looking statements. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1690538\/Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><i>Multiple Ongoing Phase <span class=\"xn-money\">2b<\/span> Studies Advancing HBV Functional Cure Strategy<\/i><\/p>\n<p class=\"prntac\"><i>Greater China Partnership with Joincare to Accelerate Development of Critical Care Antibiotic soralimixin<\/i><\/p>\n<p class=\"prntac\"><i>Strong Cash Position to Pursue New Discovery Opportunities and Partnership Strategy<\/i><\/p>\n<p class=\"prntac\"><i>Conference Calls Scheduled:\u00a0<br \/><\/i><i>English Session: <\/i><i><span class=\"xn-chron\">August 21<\/span> at <span class=\"xn-chron\">9:00 p.m.<\/span> HKT \/ 9:00 a.m. ET\u00a0<br \/><\/i><i>Chinese Session: <span class=\"xn-chron\">August 22<\/span> at <span class=\"xn-chron\">9:00 a.m.<\/span> HKT \/ <span class=\"xn-chron\">August 21<\/span> at <span class=\"xn-chron\">9:00 p.m. ET<\/span><\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">DURHAM, N.C.<\/span>, and <span class=\"xn-location\">BEIJING<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 21, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/www.briibio.com\/en\/\" target=\"_blank\" rel=\"nofollow\">Brii Biosciences Limited<\/a>\u00a0(&#8220;<span class=\"xn-person\">Brii Bio<\/span>,&#8221; or the &#8220;Company,&#8221; stock code: 2137.HK), a biotechnology company developing therapies to improve patient health across diseases with high unmet medical need, today provided a corporate update and reported its financial results for the six-month period ended <span class=\"xn-chron\">June 30, 2025<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<\/div>\n<p>In the first half of 2025, <span class=\"xn-person\">Brii Bio<\/span> rapidly advanced its core hepatitis B virus (HBV) functional cure program through multiple confirmatory Phase <span class=\"xn-money\">2b<\/span> trials, including ENRICH and ENHANCE studies, seeking combination regimens with higher HBV functional cure rates. Encouraged by promising data from Cohort 4 of the ENSURE study, presented at both the Asian Pacific Association for the Study of the Liver (APASL) and the European Association for the Study of the Liver (EASL) Congress 2025 supporting the potential of its patient enrichment strategy through BRII-179 induced anti-HBs response, the Company initiated a new cohort in an amended protocol within the ENHANCE study. This amendment evaluates a new triple regimen cohort with BRII-179 and elebsiran combination treatment followed by an added short-course pegylated interferon alpha (PEG-IFN\u03b1) treatment. This new cohort was fully enrolled in <span class=\"xn-chron\">July 2025<\/span>. Beyond its HBV pipeline, <span class=\"xn-person\">Brii Bio<\/span> entered into a strategic license collaboration with Joincare Pharmaceutical Group Industry Co., Ltd (&#8220;Joincare\u00a0Group&#8221;) for the development of soralimixin (BRII-693) in the <span class=\"xn-location\">Greater China<\/span> region. The Company has expanded its new discovery efforts to further broaden its portfolio and will continue to pursue partnership to extend the cash runway. \u00a0<\/p>\n<p>With effective cost control measures in place, <span class=\"xn-person\">Brii Bio<\/span> remains well-capitalized, maintaining a cash position of <span class=\"xn-money\">US$289.9 million<\/span>, which is sufficient to support its late-stage development plans for its core HBV functional cure program and early discovery initiatives.<\/p>\n<p>&#8220;We made significant strides in our HBV cure program during the first half of 2025, highlighted by encouraging\u00a0data from Cohort 4 of the ENSURE study and the rapid advancement of ENRICH and ENHANCE studies.&#8221; said Dr. <span class=\"xn-person\">Zhi Hong<\/span>, Chairman and Chief Executive Officer of <span class=\"xn-person\">Brii Bio<\/span>, &#8220;These achievements reflect Brii&#8217;s experience and commitment to discovering innovative curative treatments for patients with chronic HBV infection. Meanwhile, the out-licensing of soralimixin in <span class=\"xn-location\">Greater China<\/span> and our continued investment in early-stage discovery programs reinforce our strategy of combining internal innovation with strategic external collaborations to drive sustainable growth.&#8221;<\/p>\n<p><b>Corporate and Clinical Updates<\/b><\/p>\n<p><b>HBV Program<\/b><\/p>\n<p>Brii Bio\u00a0continues to advance its HBV pipeline with a strong focus on achieving higher\u00a0rates of HBV functional cure through novel combination regimens. The Company is progressing multiple ongoing Phase <span class=\"xn-money\">2b<\/span> combination studies (ENSURE, ENRICH and ENHANCE) with its differentiated HBV candidates, including elebsiran, an HBV-targeting siRNA, and\u00a0BRII-179, a recombinant protein-based HBV immunotherapeutic.\u00a0<\/p>\n<ul type=\"disc\">\n<li>BRII-179 demonstrated encouraging results in the Cohort 4 of ENSURE study, with key data presented at APASL and EASL 2025:\n<ul type=\"disc\">\n<li>At Week 48 (end of treatment [EOT]), 61% (11\/18) of patients who previously responded to BRII-179 achieved HBsAg seroclearance, compared to 10% (1\/10) of non-responders. Among responders, 91% (10\/11) developed anti-HBs titers \u2265100 IU\/L.<\/li>\n<li>BRII-179-experienced participants achieved faster HBsAg loss, with 83% (10\/12) achieving loss by Week 24, versus 55% (6\/11) in BRII-179 na\u00efve participants.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"prnml40\">The ENSURE study results demonstrate that prior treatment with BRII-179 and elebsiran can induce robust anti-HBs responses and enrich for patients more likely to achieve HBsAg loss. These data also suggest that most HBsAg loss may be achievable with a shorter PEG-IFN\u03b1 treatment duration (24 weeks).<\/p>\n<p class=\"prnml40\">The 24-week follow-up data of Cohort 4 of ENSURE study are expected in 2H 2025 and will be presented at a scientific conference.<\/p>\n<ul type=\"disc\">\n<li>To further define BRII-179&#8217;s role in HBV treatment and identify the optimal combination regimen for advancement into a registrational study, the Company is assessing BRII-179 in two additional Phase <span class=\"xn-money\">2b<\/span> trials:\n<ul type=\"disc\">\n<li>ENRICH Study: Evaluates the role of BRII-179 in priming HBV-specific immunity and\/or identifying immuno-responsive patients with a higher likelihood of achieving functional cure. We continue to believe that BRII-179 may play a unique role as part of the curative regimens.<\/li>\n<li>ENHANCE Study:<br \/>Evaluates a triple combination treatment regimen of BRII-179 and elebsiran plus PEG-IFN\u03b1 to enhance the functional cure rate.<br \/>Based on insight from ENSURE Cohort 4, we amended the protocol to evaluate a simplified triple combination regimen aimed at shortening PEG-IFN\u03b1 treatment duration to 24 weeks.<br \/>All studies have been fully enrolled. EOT data from ENRICH and ENHANCE are expected to be presented at a scientific conference in the first half of 2026.<\/li>\n<\/ul>\n<\/li>\n<li>The Company has engaged with CDE of NMPA on potential Phase 3 study design and primary endpoints. The results from the ongoing ENRICH and ENHANCE studies will inform which final combination regimen will be taken forward to potential registrational studies.<\/li>\n<\/ul>\n<p><b>Additional Clinical Programs<\/b><\/p>\n<p><span class=\"xn-person\">Brii Bio<\/span> is actively\u00a0seeking external partnerships to advance the development and commercialization of its therapeutic candidates for HIV and multidrug-resistant\/extensively drug-resistant (MDR\/XDR) infections.<\/p>\n<ul type=\"disc\">\n<li>In <span class=\"xn-chron\">July 2025<\/span>, the Company announced the strategic out-licensing agreement with Joincare Group for the research, development, and commercialization of soralimixin (BRII-693) in <span class=\"xn-location\">Greater China<\/span> region. This collaboration will leverage Joincare Group&#8217;s strong capabilities in anti-infective therapeutics to accelerate the development and maximize the commercial potential of soralimixin (BRII-693). The Company will continue to seek non-dilutive funding or partnership opportunities for rights outside of <span class=\"xn-location\">Greater China<\/span>.<\/li>\n<\/ul>\n<p><b>Outlook<\/b><\/p>\n<p>Looking ahead, <span class=\"xn-person\">Brii Bio<\/span> remains committed to\u00a0delivering innovative therapies for infectious diseases, with a continued focus on achieving a functional cure for HBV.<\/p>\n<p>With key data readouts\u00a0from its HBV functional cure program\u00a0expected in the first half of 2026, the Company is well-positioned to make informed decisions that will shape the next phase of its HBV\u00a0functional cure\u00a0clinical strategy.<\/p>\n<p>Following the appointment of its new CSO last year, <span class=\"xn-person\">Brii Bio<\/span> has further expanded its internal discovery team and capabilities, complementing the continued advancement of its core HBV program. <span class=\"xn-person\">Brii Bio<\/span> will continue to scale up its early discovery efforts to strengthen its innovation engine and reinforce its position at the forefront of biotech breakthroughs.<\/p>\n<p><b>Interim 2025 Financial Results<\/b>\u00a0<\/p>\n<ul type=\"disc\">\n<li>The Company maintains a strong cash position to support its operations through 2028. Our bank deposits and cash and cash equivalents were <span class=\"xn-money\">RMB2,075.3 million<\/span> as of <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB338.1 million<\/span> or 14.0% compared with <span class=\"xn-money\">RMB2,413.4 million<\/span> as of <span class=\"xn-chron\">December 31, 2024<\/span>. The decrease was primarily due to payout of research and development activities and daily operations.<\/li>\n<li>Through pipeline prioritization, resource optimization, internalization of certain clinical development activities, and cost-saving measures of third-party contractors, we have effectively controlled our operational expenses. Research and development expenses were <span class=\"xn-money\">RMB117.0 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB9.2 million<\/span> or 7.3%, compared with <span class=\"xn-money\">RMB126.2 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>. The decrease reflected disciplined pipeline prioritization and organizational streamlining, while maintaining continued investment in core programs during the first half of 2025.\u00a0<\/li>\n<li>Administrative expenses were <span class=\"xn-money\">RMB58.2million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB20.4 million<\/span> or 26.0%, compared with <span class=\"xn-money\">RMB78.6 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>. The decrease was primarily attributable to the decrease in employee cost of <span class=\"xn-money\">RMB9.5 million<\/span> and the decrease in facility-related costs and professional service fees of <span class=\"xn-money\">RMB8.4 million<\/span>, which was primarily attributable to organizational optimization and effective cost control.\u00a0<\/li>\n<li>Other income was <span class=\"xn-money\">RMB28.1 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span>, representing a decrease of <span class=\"xn-money\">RMB42.8 million<\/span> or 60.4%, compared with <span class=\"xn-money\">RMB70.9 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>. This was mainly due to the decrease in bank interest income of <span class=\"xn-money\">RMB21.6 million<\/span> attributable to the declining interest rates on CNY and HKD time deposits, reallocation of short-term deposits to money market fund investments, and the decrease in income recognized from PRC government grants.<\/li>\n<\/ul>\n<p><b>Conference Call Information<\/b><\/p>\n<p>The Company will host two live conference calls. The English session will be held <span class=\"xn-chron\">August 21<\/span> at <span class=\"xn-chron\">9:00 p.m.<\/span> HKT (<span class=\"xn-chron\">9:00 a.m. ET<\/span>), For the registration link, please click\u00a0<a href=\"https:\/\/briibio.zoom.us\/webinar\/register\/WN_nrM5dKlwREeKFhY_9ZKwoA\" target=\"_blank\" rel=\"nofollow\">here<\/a>. Followed by a Chinese session on <span class=\"xn-chron\">August 22<\/span> at <span class=\"xn-chron\">9:00 a.m.<\/span> HKT (<span class=\"xn-chron\">9:00 p.m. ET<\/span> on <span class=\"xn-chron\">August 21<\/span>). For the registration link, please click\u00a0<a href=\"https:\/\/s.comein.cn\/3mgvnnb2\" target=\"_blank\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>All participants shall use the link provided above to complete the online registration process prior to the conference call. A replay of the conference call will be available after the call and can be accessed by visiting the Company&#8217;s website at\u00a0<a href=\"https:\/\/www.briibio.com\/en\/\" target=\"_blank\" rel=\"nofollow\">www.briibio.com<\/a>\u00a0under the Investor Relations section.<\/p>\n<p>This press release contains references to third-party information. Such information is not deemed to be incorporated by reference in this press release. <span class=\"xn-person\">Brii Bio<\/span> disclaims responsibility for such third-party information.<\/p>\n<p><b>About <span class=\"xn-person\">Brii Bio<\/span><\/b><\/p>\n<p>\u00a0Brii Biosciences Limited (&#8220;<span class=\"xn-person\">Brii Bio<\/span>,&#8221; stock code: 2137.HK) is a biotechnology company developing therapies to address major public health challenges where patients experience high unmet medical needs, limited choice and significant social stigmas. With a focus on infectious diseases, the Company is advancing a broad pipeline of unique therapeutic candidates with lead programs against hepatitis B virus (HBV) infection. The Company is led by a visionary and experienced leadership team and has operations in key biotech hubs, including <span class=\"xn-location\">Raleigh-Durham<\/span>, the <span class=\"xn-location\">San Francisco Bay Area<\/span>, <span class=\"xn-location\">Beijing<\/span> and <span class=\"xn-location\">Shanghai<\/span>. For more information, visit\u00a0<a href=\"https:\/\/www.briibio.com\/en\/\" target=\"_blank\" rel=\"nofollow\">www.briibio.com<\/a>.<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>The information communicated in this press release contains certain statements that are or may be forward-looking. These statements typically contain words such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;believes,&#8221; &#8220;plans&#8221; and &#8220;anticipates,&#8221; and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There may be additional material risks that are currently not considered to be material or of which the Company is unaware. These forward-looking statements are not a guarantee of future performance. Against the background of these uncertainties, readers should not rely on these forward-looking statements. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-30585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/30585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30585"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/30585\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}