Aligos Therapeutics Reports Recent Business Progress and Fourth Quarter and Full Year 2025 Financial Results
MWN-AI** Summary
Aligos Therapeutics, Inc. (Nasdaq: ALGS), a clinical-stage biotechnology firm specializing in therapies for liver and viral diseases, showcased its significant business progress and financial results for the fourth quarter and full year of 2025 in a report released on March 5, 2026. CEO Dr. Lawrence Blatt highlighted the advancement in their global Phase 2 B-SUPREME study of pevifoscorvir sodium for chronic hepatitis B virus (HBV) infection, noting successful enrollment in the HBeAg- cohort and ongoing participant recruitment in the HBeAg+ cohort. Interim analyses are anticipated in the latter halves of 2026, with topline data projected for 2027.
The report also covered the promising development of ALG-170675, an antisense oligonucleotide advancing into IND-enabling studies in partnership with Xiamen Amoytop Biotech Co., intended for chronic HBV treatment. Furthermore, Aligos provided updates on ALG-055009, which has shown promising weight loss results in combination therapies in preclinical models.
Financially, Aligos reported a cash balance of $77.8 million as of December 31, 2025, a solid increase from $56.9 million a year earlier, which is expected to fund operations into Q3 2026. The company reported a reduced net loss of $19.9 million in Q4 2025, significantly lower than the $82.2 million loss in Q4 2024. Overall for the year, the net loss was reduced to $24.2 million from $131.2 million in 2024.
The company appointed James Hassard as Executive Vice President and Chief Commercial Officer to build its global commercial strategy. With a robust development pipeline and improved financials, Aligos Therapeutics continues to position itself as a key player in addressing unmet medical needs in liver and viral diseases.
MWN-AI** Analysis
Aligos Therapeutics (Nasdaq: ALGS) has made notable strides in its clinical research and financial positioning, particularly regarding the Phase 2 B-SUPREME study of pevifoscorvir sodium for chronic hepatitis B virus (HBV) infection. As the company completed enrollment for the HBeAg- cohort and continues to advance in the HBeAg+ cohort, anticipation grows for the interim analyses planned later in 2026. This is pivotal as it could establish pevifoscorvir sodium as a first-/best-in-class treatment, which would significantly elevate Aligos's market standing.
Financially, the company reported a net loss of $24.2 million in 2025, significantly improved from $131.2 million in 2024, which signals a positive trend in operational efficiency. The reduction in losses was primarily driven by increased operational management, including a decrease in General and Administrative expenses. Furthermore, a solid cash position of $77.8 million as of December 31, 2025, supports ongoing operations through the third quarter of 2026, which is crucial for maintaining financial stability during these pivotal clinical trials.
Investors should pay attention to the upcoming data releases from the Phase 2 studies for both pevifoscorvir sodium and ALG-170675, Aligos's next-generation antisense oligonucleotide. These data points could serve as catalysts for stock performance. Notably, the company's strategic appointment of James Hassard as CCO indicates a focus on strengthening commercial potential, enhancing the outlook for revenue generation upon potential product launches.
While the upsides are promising, potential investors must recognize the inherent risks associated with the biotech sector, including the unpredictability of clinical trial outcomes and regulatory hurdles. Therefore, a cautious approach, perhaps as part of a diversified portfolio, could be advisable while monitoring Aligos's progression in the HBV market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
SOUTH SAN FRANCISCO, Calif., March 05, 2026 (GLOBE NEWSWIRE) -- Aligos Therapeutics, Inc. (Nasdaq: ALGS, “Aligos”), a clinical stage biotechnology company focused on improving patient outcomes through best-in-class therapies for liver and viral diseases, today reported recent business progress and financial results for the fourth quarter and full year 2025.
“Our team has made tremendous progress recently in the global Phase 2 B-SUPREME study of pevifoscorvir sodium,” stated Lawrence Blatt, Ph.D., M.B.A., Chairman, President, and Chief Executive Officer of Aligos Therapeutics. “With the completion of the planned enrollment in the HBeAg- cohort, we are continuing to enroll participants in the HBeAg+ cohort and look forward to the interim analyses in the first and second half of 2026. Additionally, the Phase 2 B-SUPREME study may demonstrate that pevifoscorvir sodium affects the three pillars of HBV disease pathogenesis: replication, integration, and maintenance of the viral reservoir. We are also excited to announce the advancement, in partnership with Xiamen Amoytop Biotech Co., Ltd. (“Amoytop”), of ALG-170675, a dual mechanism antisense oligonucleotide (ASO) into IND-enabling studies. Lastly, adding James Hassard as Executive Vice President, Chief Commercial Officer has allowed us to begin laying the groundwork for the future of our best-in-class programs.”
Recent Business Progress
Pipeline Updates
Pevifoscorvir sodium: Potential first-/best-in-class small molecule CAM-E for chronic hepatitis B virus (HBV) infection
- The Phase 2 B-SUPREME study (NCT06963710) of pevifoscorvir sodium in subjects with chronic HBV infection completed the planned enrollment of 60 HBeAg- participants in January 2026. HBeAg+ participants continue to enroll in the study.
- The first protocol defined interim analysis includes approximately 60% (or 36) HBeAg- participants that complete 12 weeks of the treatment period, with this enrollment threshold reached in Q4 2025.
- A second protocol defined interim analysis is planned when approximately 50% (or 55) HBeAg+ participants complete 24 weeks of the treatment period, with this enrollment threshold reached in January 2026.
- Topline data for both the HBeAg- and HBeAg+ cohorts are expected in 2027.
- 96-weeks of dosing have been completed in the Phase 1 study (NCT04536337) with post-treatment data expected to be presented at upcoming scientific meetings.
ALG-170675: Potential best-in-class antisense oligonucleotide (ASO) for chronic hepatitis B virus (HBV) infection
- Along with our partner Xiamen Amoytop Biotech Co., Ltd. (Amoytop), ALG-170675 was recently selected to proceed into IND-enabling studies. Current costs for development in China are being funded by Amoytop, who maintain rights in China, Taiwan, Hong Kong and Macau.
- This next-generation ASO works via two mechanisms of action. It targets and destroys HBsAg mRNA and activates the immune response through TLR-8 agonism.
ALG-055009: Potential best-in-class small molecule THR-? for obesity, MASH
- Recently presented in vivo data in diet induced obese (DIO) mice treated with semaglutide (SEMA), tirzepatide (TIRZEP), or a combination of ALG-055009 and SEMA or TIRZEP for 28 days demonstrated synergistic weight loss in the combination groups compared to monotherapy groups. SEMA monotherapy resulted in a maximum of 23.9 ±2.6% body weight loss, while the combination of SEMA and ALG-055009 had an additional 8.6% decrease for a maximum 33% body weight loss. The low and high doses of TIRZEP led to a maxima of 27.1 ±2.7% and 34.4 ±1.6% body weight loss, respectively. Combination of TIRZEP (low) or TIRZEP (high) with ALG-055009 induced an additional 11.7% and 5.8% decrease for a maximum of 39% and 40% body weight loss respectively.
- Furthermore, the additional weight loss in the combination therapy of either incretin receptor agonist and ALG-055009 was mainly due to additional loss of fat mass, with no significant effect on lean mass or food consumption as compared to incretin receptor agonist monotherapy. The data suggest the potential for a significant benefit of adding ALG-055009 to an incretin receptor agonist therapy for weight loss, especially in combination with a low-dose of a potent incretin receptor agonist, such as tirzepatide.
- Evaluation of a variety of options to fund continued development, including potential out-licensing is ongoing.
Business Updates
- James Hassard was appointed Executive Vice President, Chief Commercial Officer to build the Company’s global commercial capabilities.
Financial Results for the Fourth Quarter and Full Year 2025
Cash, cash equivalents and investments totaled $77.8 million as of December 31, 2025, compared with $56.9 million as of December 31, 2024. Our cash, cash equivalents and investments are expected to provide sufficient funding of planned operations into the third quarter of 2026.
Net loss for the three months ended December 31, 2025 was $19.9 million or basic and diluted net loss per common share of $(1.91), compared to net loss of $82.2 million or basic and diluted net loss per common share of $(13.08) for the three months ended December 31, 2024.
Net loss for the year ended December 31, 2025 was $24.2 million or basic and diluted net loss per common share of $(2.45), compared to net loss of $131.2 million or basic and diluted net loss per common share of $(20.94) for the year ended December 31, 2024.
Research and development (R&D) expenses for the three months ended December 31, 2025 were $17.0 million, compared with $16.0 million for the same period of 2024. The increase was primarily due to an increase in third-party expenses for the pevifoscorvir sodium Phase 2 clinical trial. Total R&D stock-based compensation expense incurred for the three months ended December 31, 2025 was $0.7 million, compared with $1.0 million for the same period of 2024.
R&D expenses for the year ended December 31, 2025 were $69.5 million, compared with $70.3 million for the same period of 2024. The decrease was due to increased government funds received for the coronavirus program which offset related costs.
General and administrative (G&A) expenses for the three months ended December 31, 2025 were $4.9 million, compared with $5.2 million for the same period of 2024. The decrease in G&A expenses for this comparative period is primarily due to a decrease in legal and other related expenses. Total G&A stock-based compensation expense incurred for the three months ended December 31, 2025 was $0.6 million, compared with $0.7 million for the same period of 2024.
G&A expenses for the year ended December 31, 2024 were $20.7 million, compared with $22.8 million for the same period of 2024. The decrease in G&A expenses for this comparative period is primarily due to a decrease in third party expenses including legal expenses.
Interest and other income, net, for the three months ended December 31, 2025 was income of $0.8 million compared with income of $0.6 million for the same period in 2024.
Interest and other income, net, for the year ended December 31, 2025 was income of $3.9 million compared with income of $4.4 million for the same period of 2024.
Change in fair value of 2023 common warrants for the three months ended December 31, 2025, was income of $1.2 million compared with a loss of $62.1 million for the same period of 2024.
Change in fair value of common warrants for the year ended December 31, 2025, was income of $60.2 million compared with a loss of $46.1 million for the same period of 2024.
About Aligos
Aligos Therapeutics, Inc. (NASDAQ: ALGS) is a clinical stage biotechnology company founded with the mission to improve patient outcomes by developing best-in-class therapies for the treatment of liver and viral diseases. Aligos applies its science driven approach and deep R&D expertise to advance its purpose-built pipeline of therapeutics for high unmet medical needs such as chronic hepatitis B virus (HBV) infection, obesity, metabolic dysfunction-associated steatohepatitis (MASH), and coronaviruses.
For more information, please visit www.aligos.com or follow us on LinkedIn or X.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered “forward-looking statements,” including without limitation, statements with respect to the expected data releases, data presentations and data readouts for pevifoscorvir sodium; the expected data presentations for ALG-055009; potential success of the Company’s development programs including with respect to ALG-170675; and the company’s expectation that its cash, cash equivalents and investments provide sufficient funding of planned operations into the third quarter of 2026. Forward-looking statements are typically, but not always, identified by the use of words such as “may,” “will,” “would,” “believe,” “intend,” “plan,” “anticipate,” “estimate,” “expect,” and other similar terminology indicating future results. Such forward looking statements are subject to substantial risks and uncertainties that could cause our development programs, future results, performance, or achievements to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties inherent in the drug development process, including Aligos’ clinical-stage of development, the process of designing and conducting clinical trials, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, Aligos’ ability to successfully establish, protect and defend its intellectual property, other matters that could affect the sufficiency of Aligos’ capital resources to fund operations, reliance on third parties for manufacturing and development efforts, changes in the competitive landscape and the impact of global events and other macroeconomic conditions on Aligos’ business. For a further description of the risks and uncertainties that could cause actual results to differ from those anticipated in these forward-looking statements, as well as risks relating to the business of Aligos in general, see Aligos’ Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2025 and Aligos’ Annual Report on Form 10-K to be filed with the Securities and Exchange Commission on March 5, 2026 and its future periodic reports to be filed or submitted with the Securities and Exchange Commission. Except as required by law, Aligos undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances, or to reflect the occurrence of unanticipated events.
Investor Contact
Jordyn Tarazi
Vice President, Investor Relations & Corporate Communications
+1 (650) 910-0427
jtarazi@aligos.com
| Aligos Therapeutics, Inc | |||||||||||||||
| Condensed Consolidated Statements of Operations | |||||||||||||||
| (In thousands, except share and per share amounts) | |||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Audited)(1) | ||||||||||||
| Revenue from collaborations | $ | - | $ | 23 | $ | - | $ | 334 | |||||||
| Revenue from customers | 169 | 606 | 2,186 | 3,611 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 17,038 | 16,031 | 69,453 | 70,269 | |||||||||||
| General and administrative | 4,945 | 5,161 | 20,718 | 22,830 | |||||||||||
| Total operating expenses | 21,983 | 21,192 | 90,171 | 93,099 | |||||||||||
| Loss from operations | (21,814 | ) | (20,563 | ) | (87,985 | ) | (89,154 | ) | |||||||
| Interest and other income, net | 750 | 573 | 3,922 | 4,406 | |||||||||||
| Change in fair value of 2023 common warrants | 1,213 | (62,133 | ) | 60,184 | (46,132 | ) | |||||||||
| Loss before income tax | (19,851 | ) | (82,123 | ) | (23,879 | ) | (130,880 | ) | |||||||
| Income tax provision | (30 | ) | (27 | ) | (314 | ) | (331 | ) | |||||||
| Net Loss | $ | (19,881 | ) | $ | (82,150 | ) | $ | (24,193 | ) | $ | (131,211 | ) | |||
| Net loss per share, basic and diluted | $ | (1.91 | ) | $ | (13.08 | ) | $ | (2.45 | ) | $ | (20.94 | ) | |||
| Weighted-average shares of common stock, basic and diluted | 10,383,655 | 6,282,056 | 9,884,955 | 6,264,612 | |||||||||||
| Aligos Therapeutics, Inc. Condensed Consolidated Balance Sheets (In thousands) | |||||||
| December 31, 2025 | December 31, 2024 | ||||||
| (Unaudited) | (Audited)(1) | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 18,303 | $ | 36,997 | |||
| Short-term investments | 59,541 | 19,942 | |||||
| Other current assets | 5,018 | 5,202 | |||||
| Total current assets | 82,862 | 62,141 | |||||
| Other assets | 5,671 | 7,953 | |||||
| Total assets | $ | 88,533 | $ | 70,094 | |||
| Liabilities and Stockholders’ Equity (Deficit) | |||||||
| Current liabilities | $ | 21,233 | $ | 21,737 | |||
| Other liabilities, noncurrent | 13,755 | 77,330 | |||||
| Total liabilities | 34,988 | 99,067 | |||||
| Total stockholders’ equity (deficit) | 53,545 | (28,973 | ) | ||||
| Total liabilities and stockholders’ equity (deficit) | $ | 88,533 | $ | 70,094 | |||
_____________________________________________
(1) The condensed consolidated balance sheet as of December 31, 2024 has been derived from the audited consolidated financial statements at that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.
FAQ**
Given Aligos Therapeutics Inc. ALGS reported a reduced net loss in 2025, what strategies are they implementing to sustain and improve their financial performance in the upcoming quarters?
With pivotal data expected in 20for the pevifoscorvir sodium study, how is Aligos Therapeutics Inc. ALGS preparing for the commercialization of this potential first-in-class therapy?
What impact do you foresee James Hassard's appointment as Chief Commercial Officer will have on the strategic direction and market positioning of Aligos Therapeutics Inc. ALGS?
Considering the ongoing IND-enabling studies for ALG-170675, how does Aligos Therapeutics Inc. ALGS plan to utilize its partnership with Amoytop in expanding their market reach in Asia?
**MWN-AI FAQ is based on asking OpenAI questions about Aligos Therapeutics Inc. (NASDAQ: ALGS).
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