CNS Pharmaceuticals Reports Q1 2025 Financials: Net Loss Increases to $4.3 Million, R&D Expenses Rise

Reuters
05-16
CNS Pharmaceuticals Reports Q1 2025 Financials: Net Loss Increases to $4.3 Million, R&D Expenses Rise

CNS Pharmaceuticals Inc. has reported its financial results for the first quarter of 2025, ending March 31. The company recorded a net loss of approximately $4.3 million, an increase from the net loss of about $3.5 million during the same period in 2024. This change is largely attributable to the costs associated with data clean-up, preparation, and analysis for the topline primary data release on the Berubicin trial. Research and development expenses rose to $3.2 million from approximately $2.5 million in the previous year, primarily due to these same costs. Meanwhile, general and administrative expenses slightly decreased to approximately $1.09 million compared to $1.11 million for the comparable period in 2024. As of March 31, 2025, CNS Pharmaceuticals had cash reserves of approximately $13.1 million. Following the end of the quarter, the company completed a public offering that yielded gross proceeds of approximately $5 million. The company expects these funds to support operations into the second half of 2026. CNS Pharmaceuticals continues to advance its lead program, TPI 287, aiming to begin a Phase 2 study for glioblastoma multiforme by the end of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CNS Pharmaceuticals Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1028388) on May 16, 2025, and is solely responsible for the information contained therein.

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