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
Market Cap
$284.58M
P/E (TTM)
-5.8
45.5
Dividend Yield
--
52W High
$4.40
52W Low
$1.47
52W Range
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)
$212.07M
ALEC$81.13M
ACIU$33.34M
Gross Margin (Latest Quarter)
ACIU100.0%
76.3%
73.6%
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%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 13, 2025|Revenue: $0.00+0.0%|EPS: $-0.08-100.0%N/AForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 26, 2025|Revenue: $0.00-100.0%|EPS: $-0.29+100.0%N/AForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 12, 2024|Revenue: $0.00-100.0%|EPS: $-0.10-100.0%N/AForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 13, 2024|Revenue: $0.00-100.0%|EPS: $-430.59+519.5%N/AForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 15, 2024|Revenue: $0.00-100.0%|EPS: $-319.56-34.0%N/AForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 27, 2024|Revenue: $10.00M+563.6%|EPS: $-1100.22+37.1%MissForm 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