BioLineRx Ltd ADR

BioLineRx reported second‑quarter revenue of $0.3m (unchanged) and an expanded net loss of $4.3m. Lead program GLIX1 advanced in a phase‑I/IIa study at three academic centers and has so far shown a favorable safety and tolerability profile; preclinical data indicate potential synergy with PARP inhibitors. At quarter‑end the company had $13.1m in cash, and pro‑forma liquidity after a $3.75m capital raise rose to about $16.85m, which should fund operations into the first half of 2027. The stock rose after the update but remains well below its 52‑week high. » Mere på de.investing.com

BioLineRx said it will sell 1,348,921 American Depositary Shares (ADS) at $2.78 each, expected to generate gross proceeds of about $3.75 million. It will also issue warrants to purchase up to 2,023,382 ADS at an exercise price of $2.78 with a five‑year term; each ADS represents 600 common shares. The placement, with Chardan acting as exclusive placement agent, is expected to close around Aug. 31, 2026; net proceeds are intended for R&D, working capital and general corporate purposes. In addition, existing warrants for 277,273 ADS were reduced to $2.78 and extended to Aug. 31, 2031. The announcement sent the stock down roughly 4.4% in premarket trading. » Mere på de.investing.com

The USPTO has issued an allowance notice for a central patent covering GLIX1 that protects its use in tumors where cytidine deaminase is not highly overexpressed — which the company says applies to around 90% of all cancers. The patent strengthens IP protection for GLIX1 through at least 2040 with possible extensions, and accompanying international filings could provide protection until 2044. BioLineRx aims to start the first clinical trial in glioblastoma patients in early 2026 while advancing preclinical work in additional cancer models; the stock rose about 2% following the news. » Mere på de.investing.com