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
$43.43M
P/E (TTM)
-1.2
22.2
Dividend Yield
--
52W High
$3.05
52W Low
$0.20
52W Range
Rank68Top 98.2%
1.3
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 1.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2025
Financial Dashboard
Q1 2026 Data
Revenue
$0.00+0.00%
4-Quarter Trend
EPS
-$0.04+0.00%
4-Quarter Trend
FCF
-$4.31M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Loss Reduced Net loss before tax $41.9M, improved $1.375M from $43.3M loss in 2024; R&D expenses decreased $3.2M.
Setrusumab Phase 3 Results Phase 3 Orbit/Cosmic primary fracture endpoints missed; secondary BMD improvements showed strong statistical significance across studies.
Revenue From Milestones Recognized $500K revenue from ReproNovo milestone; $133K cost of revenue paid to Novartis for leflutrozole asset.
Cash Runway Extended Cash used in operations $31.0M, runway extends into mid-2027; financing provided $327K net cash flow.
Risk Factors
Funding Needs Remain High Requires substantial additional funding to complete development, commercialize, or acquire future product candidates; cash runway limited.
Setrusumab Clinical Uncertainty Phase 3 primary efficacy endpoints failed to meet statistical significance; future regulatory path uncertain based on data.
Nasdaq Listing Compliance Received Nasdaq notice Feb 2026 for minimum bid price failure; risk of ADSs delisting impacting liquidity and price.
Heavy Reliance on Partners Development heavily relies on partners like Ultragenyx and āshibio; termination or funding failure adversely affects plans.
Outlook
Alvelestat Phase 3 Preparation Seeking partnership and preparing for potential Phase 3 clinical trial for alvelestat in severe AATD-LD indication.
Vantictumab IND Filing Partner āshibio leads global development; expects to file Investigational New Drug application in second half of 2026.
Setrusumab Data Analysis Analyzing Phase 3 data, including vertebral fracture reduction, to determine next steps and potential regulatory interactions.
Non-Core Asset Partnering Intends to out-license or sell non-core programs like etigilimab and acumapimod due to resource needs.
Peer Comparison
Revenue (TTM)
$217.78M
$18.42M
$15.58M
Gross Margin (Latest Quarter)
100.0%
90.0%
72.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CAPR | $1.35B | -14.8 | -59.3% | 6.5% |
| CTNM | $537.24M | -9.2 | -27.1% | 2.7% |
| CADL | $435.36M | -9.1 | -60.4% | 0.9% |
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
Deep Research
Next earnings:Aug 11, 2026
EPS:-$0.01
|Revenue:$2.33M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data