logo
Twitter
Discord
Email
logo
Mereo BioPharma Group plc

Mereo BioPharma Group plc

NASDAQ•MREO
CEO: Dr. Denise Vera Scots-Knight Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2019-04-24
Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of oncology and rare diseases in the United Kingdom, the United States, and internationally. It develops Etigilimab (MPH-313), an antibody T-cell immunoreceptor with Ig and ITIM domains, which is in Phase 1b clinical trial for the treatment of tumors. The company is also developing Navicixizumab (OMP-305B83), which has completed Phase 1b clinical trials for the treatment of the late line ovarian cancer; Acumapimod (BCT-197), a p38 MAP kinase inhibitor that is in Phase II clinical trials to treat acute exacerbations of chronic obstructive pulmonary disease; and Leflutrozole (BGS-649), an oral aromatase inhibitor for the treatment of hypogonadotropic hypogonadism which is in Phase 2 trials. In addition, it develops rare disease product candidates, including Setrusumab (BPS-804), an antibody for the treatment of osteogenesis imperfecta; and Alvelestat (MPH-966), an oral small molecule that is in Phase II clinical trial to treat Alpha-1 anti-trypsin deficiency. The company has a license agreement with Feng Biosciences for the development and commercialization of navicixizumab; license agreement with ReproNovo for the development and commercialization of leflutrozole; licensing agreement with AstraZeneca; and license agreement with Ultragenyx Pharmaceutical Inc. to develop and commercialize setrusumab. Mereo BioPharma Group plc was incorporated in 2015 and is headquartered in London, the United Kingdom.
Contact Information
One Cavendish Place, 4th Floor, London, W1G 0QF, United Kingdom
44-33-3023-7300
www.mereobiopharma.com
Market Cap
$284.58M
P/E (TTM)
-5.8
45.5
Dividend Yield
--
52W High
$4.40
52W Low
$1.47
52W Range
11%
1.2
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 1.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024

Financial Dashboard

Q2 2025 Data

Revenue

$500.00K+0.00%
4-Quarter Trend

EPS

-$0.09-99.98%
4-Quarter Trend

FCF

-$7.65M-3.19%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

ReproNovo Milestone Revenue Recognized $0.5M revenue in six months 2025 from leflutrozole clinical milestone achievement; no revenue in prior period.
Setrusumab Phase 3 Progress Phase 3 Orbit study advancing toward final analysis for pediatric/young adult OI patients planned for end of 2025.
Cash Runway Extended Current cash $56.1M supports operations into 2027; external funding needed to complete development plans.
R&D Investment Increase Six months R&D expenses rose to $9.3M USD, driven by $3.6M increase for Setrusumab program costs.

Risk Factors

Widening Net Loss Six months net loss widened to $(27.5M) USD, anticipating continued losses requiring substantial external funding.
Accumulated Deficit High Accumulated deficit reached $(486.6M) USD as of June 30, 2025, reflecting historical operational losses.
Financing Activity Drop Net cash from financing activities dropped to $0.3M USD (6M 2025) following major 2024 equity offering.
Warrant Liability Valuation Warrant liabilities stood at $0.5M USD; fair value changes due to ADS price impact earnings volatility.

Outlook

Future Funding Required Need substantial external funding via equity, debt, or collaborations to complete development and potential commercialization.
Setrusumab Final Analysis Continue Orbit and Cosmic studies for setrusumab; both proceeding to final analysis around the end of 2025.
R&D Cost Management Incurring costs for ongoing development, outsourced manufacturing, and supporting U.S. public company operations.
AstraZeneca Payments Potential future milestone payments and tiered royalties due to AstraZeneca based on commercial success.

Peer Comparison

Revenue (TTM)

Vanda Pharmaceuticals Inc.VNDA
$212.07M
+11.1%
Alector, Inc.ALEC
$81.13M
+46.8%
AC Immune SAACIU
$33.34M
+86.7%

Gross Margin (Latest Quarter)

AC Immune SAACIU
100.0%
+2494.6 pp
BioLineRx Ltd.BLRX
76.3%
-7.1 pp
Mereo BioPharma Group plcMREO
73.6%
+0.0 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ACIU$345.06M-5.5-49.0%2.6%
CTNM$304.64M-4.9-32.3%2.9%
ALDX$296.02M-5.8-73.6%18.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 12, 2025|
    Revenue: $500.00K+0.0%
    |
    EPS: $-0.09-100.0%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 13, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.08-100.0%
    N/A
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 26, 2025|
    Revenue: $0.00-100.0%
    |
    EPS: $-0.29+100.0%
    N/A
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $0.00-100.0%
    |
    EPS: $-0.10-100.0%
    N/A
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 13, 2024|
    Revenue: $0.00-100.0%
    |
    EPS: $-430.59+519.5%
    N/A
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 15, 2024|
    Revenue: $0.00-100.0%
    |
    EPS: $-319.56-34.0%
    N/A
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 27, 2024|
    Revenue: $10.00M+563.6%
    |
    EPS: $-1100.22+37.1%
    Miss
  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 28, 2023|
    Revenue: $1.51M-95.9%
    |
    EPS: $-1750.35-333.5%
    N/A