logo
Sarepta Therapeutics Acknowledges CHMP Negative Opinion for ELEVIDYS in the European Union

Sarepta Therapeutics Acknowledges CHMP Negative Opinion for ELEVIDYS in the European Union

Yahoo25-07-2025
Partner Roche will continue its dialogue with the European Medicines Agency to explore a potential path forward to make ELEVIDYS available to individuals living with Duchenne muscular dystrophy in the EU
ELEVIDYS is the first and only disease-modifying gene therapy for Duchenne
CAMBRIDGE, Mass., July 25, 2025--(BUSINESS WIRE)--Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, acknowledges that the Committee for Medicinal Products for Human Use (CHMP) issued a negative opinion on the conditional marketing authorization (CMA) for ELEVIDYS (delandistrogene moxeparvovec) in ambulatory individuals ages three to seven years for the treatment of Duchenne muscular dystrophy (DMD).
"While we are disappointed by the CHMP's negative opinion, we understand the urgent need for continued dialogue and collaboration to bring transformative therapies to people with Duchenne who live with a relentless disease that steals their mobility, independence and ultimately life – often by early adulthood," said Louise Rodino-Klapac, Ph.D., president of research & development and technical operations, Sarepta.
"Following the initial FDA approval of ELEVIDYS on June 22, 2023, the therapy has subsequently received regulatory approval in several other countries. In the U.S., we are actively working with the FDA to address recent safety questions. We remain committed to working with regulators to address outstanding questions on safety so that people living with Duchenne have access to this important therapy."
ELEVIDYS is the first and only approved gene therapy targeting the underlying cause of disease that has consistently demonstrated stabilization or slowing of DMD disease progression, with durable effects on functional and biological outcomes and muscle health.
While the primary endpoint was not met in EMBARK after one year, ELEVIDYS showed clinically meaningful and statistically significant improvements across important secondary endpoints of functional outcome measures when compared to placebo. Longer term efficacy data were also submitted to EMA, including two-year results from the EMBARK study and three-year pooled efficacy analysis from three other ELEVIDYS studies that showed clinically meaningful improvements across key measures of motor function. One-year data from part one of the EMBARK study were published in Nature Medicine in October 2024, and results from year two were shared at this year's Muscular Dystrophy Association Clinical & Scientific Conference in Dallas. Quantitative muscle MR (magnetic resonance) outcomes from part 1 of EMBARK were published in JAMA Neurology in May 2025.
Sarepta is responsible for regulatory approval and commercialization of ELEVIDYS in the U.S., as well as manufacturing. Roche is responsible for regulatory approvals and bringing ELEVIDYS to patients across the rest of the world. Regulatory approval and commercialization of ELEVIDYS in Japan is through Chugai Pharmaceuticals via its alliance with Roche.
About ELEVIDYS (delandistrogene moxeparvovec-rokl)ELEVIDYS (delandistrogene moxeparvovec-rokl) is a single-dose, adeno-associated virus (AAV)-based gene transfer therapy for intravenous infusion designed to address the underlying genetic cause of Duchenne muscular dystrophy – mutations or changes in the DMD gene that result in the lack of dystrophin protein – through the delivery of a transgene that codes for the targeted production of ELEVIDYS micro-dystrophin in skeletal muscle.
ELEVIDYS is indicated in U.S. for the treatment of Duchenne muscular dystrophy (DMD) in individuals at least 4 years of age.
For patients who are ambulatory and have a confirmed mutation in the DMD gene
For patients who are non-ambulatory and have a confirmed mutation in the DMD gene.
The DMD indication in non-ambulatory patients is approved under accelerated approval in the U.S. based on expression of ELEVIDYS micro-dystrophin (noted hereafter as "micro-dystrophin") in skeletal muscle. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial(s).
U.S. IMPORTANT SAFETY INFORMATION
CONTRAINDICATION: ELEVIDYS is contraindicated in patients with any deletion in exon 8 and/or exon 9 in the DMD gene.
WARNINGS AND PRECAUTIONS:
Infusion-related Reactions:
Infusion-related reactions, including hypersensitivity reactions and anaphylaxis, have occurred during or up to several hours following ELEVIDYS administration. Closely monitor patients during administration and for at least 3 hours after the end of infusion. If symptoms of infusion-related reactions occur, slow, or stop the infusion and give appropriate treatment. Once symptoms resolve, the infusion may be restarted at a lower rate.
ELEVIDYS should be administered in a setting where treatment for infusion-related reactions is immediately available.
Discontinue infusion for anaphylaxis.
Acute Serious Liver Injury:
Acute serious liver injury has been observed with ELEVIDYS, and administration may result in elevations of liver enzymes (such as GGT, GLDH, ALT, AST) or total bilirubin, typically seen within 8 weeks.
Patients with preexisting liver impairment, chronic hepatic condition, or acute liver disease (e.g., acute hepatic viral infection) may be at higher risk of acute serious liver injury. Postpone ELEVIDYS administration in patients with acute liver disease until resolved or controlled.
Prior to ELEVIDYS administration, perform liver enzyme test and monitor liver function (clinical exam, GGT, and total bilirubin) weekly for the first 3 months following ELEVIDYS infusion. Continue monitoring if clinically indicated, until results are unremarkable (normal clinical exam, GGT, and total bilirubin levels return to near baseline levels).
Systemic corticosteroid treatment is recommended for patients before and after ELEVIDYS infusion. Adjust corticosteroid regimen when indicated. If acute serious liver injury is suspected, consultation with a specialist is recommended.
Immune-mediated Myositis:
In clinical trials, immune-mediated myositis has been observed approximately 1 month following ELEVIDYS infusion in patients with deletion mutations involving exon 8 and/or exon 9 in the DMD gene. Symptoms of severe muscle weakness, including dysphagia, dyspnea, and hypophonia, were observed.
Limited data are available for ELEVIDYS treatment in patients with mutations in the DMD gene in exons 1 to 17 and/or exons 59 to 71. Patients with deletions in these regions may be at risk for a severe immune-mediated myositis reaction.
Advise patients to contact a physician immediately if they experience any unexplained increased muscle pain, tenderness, or weakness, including dysphagia, dyspnea, or hypophonia, as these may be symptoms of myositis. Consider additional immunomodulatory treatment (immunosuppressants [e.g., calcineurin-inhibitor] in addition to corticosteroids) based on patient's clinical presentation and medical history if these symptoms occur.
Myocarditis:
Acute serious myocarditis and troponin-I elevations have been observed following ELEVIDYS infusion in clinical trials.
If a patient experiences myocarditis, those with pre-existing left ventricle ejection fraction (LVEF) impairment may be at higher risk of adverse outcomes. Monitor troponin-I before ELEVIDYS infusion and weekly for the first month following infusion and continue monitoring if clinically indicated. More frequent monitoring may be warranted in the presence of cardiac symptoms, such as chest pain or shortness of breath.
Advise patients to contact a physician immediately if they experience cardiac symptoms.
Preexisting Immunity against AAVrh74:
In AAV-vector based gene therapies, preexisting anti-AAV antibodies may impede transgene expression at desired therapeutic levels. Following treatment with ELEVIDYS, all patients developed anti-AAVrh74 antibodies.
Perform baseline testing for presence of anti-AAVrh74 total binding antibodies prior to ELEVIDYS administration.
ELEVIDYS administration is not recommended in patients with elevated anti-AAVrh74 total binding antibody titers greater than or equal to 1:400.
Adverse Reactions:
The most common adverse reactions (incidence ≥5%) reported in clinical studies were vomiting, nausea, liver injury, pyrexia, and thrombocytopenia.
Report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088. You may also report side effects to Sarepta Therapeutics at 1-888-SAREPTA (1-888-727-3782).
For further information, please see the full Prescribing Information.
About Sarepta TherapeuticsSarepta is on an urgent mission: engineer precision genetic medicine for rare diseases that devastate lives and cut futures short. We hold leadership positions in Duchenne muscular dystrophy (Duchenne) and limb-girdle muscular dystrophies (LGMDs) and are building a robust portfolio of programs across muscle, central nervous system, and cardiac diseases. For more information, please visit www.sarepta.com or follow us on LinkedIn, X, Instagram and Facebook.
Internet Posting of InformationWe routinely post information that may be important to investors in the 'For Investors' section of our website at www.sarepta.com. We encourage investors and potential investors to consult our website regularly for important information about us.
Forward-Looking StatementsThis statement contains "forward-looking statements." Any statements that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "will," "may," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to our future operations, research and development programs, discussions with regulators and the prospects for approvals or continued approvals, as applicable, of ELEVIDYS and the potential benefits and risks of ELEVIDYS.
Actual results could materially differ from those stated or implied by these forward-looking statements as a result of such risks and uncertainties. Known risk factors include the following: different methodologies, assumptions and applications we use to assess particular safety or efficacy parameters may yield different statistical results; our products or product candidates may be perceived as insufficiently effective, unsafe or may result in unforeseen adverse events; our products or product candidates may cause undesirable side effects that result in significant negative consequences; the possible impact of regulatory decisions by, and any halts imposed by, regulatory agencies on our business; and those risks identified under the heading "Risk Factors" in our most recent Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (SEC) as well as other SEC filings made by the Company, which you are encouraged to review.
Any of the foregoing risks could materially and adversely affect the Company's business, results of operations and the trading price of Sarepta's common stock. For a detailed description of risks and uncertainties Sarepta faces, you are encouraged to review the SEC filings made by Sarepta. We caution investors not to place considerable reliance on the forward-looking statements contained herein. Sarepta does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof, except as required by law.
Source: Sarepta Therapeutics, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250725852807/en/
Contacts
Investor Contact: Ian Estepan617-274-4052iestepan@sarepta.com
Media Contacts: Tracy Sorrentino617-301-8566tsorrentino@sarepta.com
Kara Hoeger617-710-3898KHoeger@sarepta.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kneat Announces Record Revenue for Second Quarter 2025
Kneat Announces Record Revenue for Second Quarter 2025

Yahoo

time24 minutes ago

  • Yahoo

Kneat Announces Record Revenue for Second Quarter 2025

LIMERICK, Ireland, Aug. 05, 2025 (GLOBE NEWSWIRE) -- inc. (TSX: KSI) (OTC: KSIOF) ('Kneat' or the 'Company') a leader in digitizing and automating validation and quality processes, today announced financial results for the three-month period ended June 30, 2025. All dollar amounts are presented in Canadian dollars unless otherwise stated. Second-quarter 2025 total revenue reaches $15.4 million, an increase of 32% year over year Gross margin for the quarter ended June 30, 2025 reaches 75% Annual Recurring Revenue (ARR)1 at June 30, 2025, grows 43% year over year to $64.8 million. 'We continue on our trajectory towards profitability. New customer wins in the past quarter reached new highs, proving Kneat Gx is the platform of choice. We welcomed new leadership in finance, product and engineering and continued the unrelenting development of our platform.' - Eddie Ryan, Chief Executive Officer of Kneat. Q2 2025 Highlights Total revenues increased 32% to $15.4 million in the second quarter of 2025, compared to $11.7 million for the second quarter of 2024. SaaS revenue for the second quarter of 2025 grew 31% to $14.1 million, versus $10.8 million for the second quarter of 2024. Second-quarter 2025 gross profit was $11.6 million, up 34% from $8.7 million in gross profit for the second quarter of 2024. Gross margin in the second quarter of 2025 was 75%, compared to 74% for the second quarter of 2024. EBITDA1 in the second quarter of 2025 was $3.8 million, compared with $0.5 million for the second quarter of 2024. Adjusted EBITDA1 in the second quarter of 2025 was $0.4 million, compared with $1.6 million for the second quarter of 2024. Net loss for the second quarter of 2025 was $0.4 million, compared with a net loss of $3.1 million for the second quarter of 2024. Total ARR1, which includes SaaS license and recurring maintenance fees, was $64.8 million at June 30, 2025, an increase of 43% from $45.4 million at June 30, 2024. [1] ARR is a supplementary measure. EBITDA and Adjusted EBITDA are non-IFRS measures and are not recognized, defined or standardized measures under IFRS. These measures are defined in the 'Supplementary and Non-IFRS Measures' section of this news release. First Half of 2025 Financial Highlights Total revenues for the six-month period ended June 30, 2025 increased 34% to $30.2 million, compared to $22.4 million for the comparable six-month period in 2024. SaaS revenue grew 36% to $28.0 million for the six months ended June 30, 2025, versus $20.6 million for the comparable period in 2024. Gross profit was $22.6 million, up 36% from $16.6 million in gross profit for the first half of 2024. Gross margin for the first half of 2025 was 75%, compared to 74% for the first half of 2024. EBITDA1 for the first half of 2025 was $9.7 million, compared with $0.0 million for the first half of 2024. Adjusted EBITDA1 for the first half of 2025 was $2.7 million, compared with $2.2 million for the first half of 2024. Net income for the first half of 2025 was $1.8 million, compared with ($6.4) million for the first half of 2024. Recent Business Highlights In April 2025, Kneat announced that it signed a Services Agreement with a multinational producer of generic pharmaceuticals. The Company, which operates more than a dozen manufacturing facilities around the world and employs more than 20,000 people, will initially use Kneat to digitize its drawing management process. In early May 2025, Kneat saw record attendance at VALIDATE, its annual event convening validation and quality professionals from around the world. One of the world's largest events for validation experts to discover, share and apply validation technologies, regulations, and best practices, VALIDATE enabled participants to witness the power of the Kneat Gx platform. In May 2025, Kneat announced that it signed a three-year Master Services Agreement with a leading manufacturer of clinical diagnostics for the healthcare industry. The Company, which operates in more than 40 countries and employs over 14,000 people, will use Kneat Gx initially to digitize its equipment validation process. Also in May 2025, Kneat announced the expansion of its executive leadership team with the addition of a Chief Innovation Officer Role. Co-founder and Chief Product Officer Kevin Fitzgerald transitioned out of his current role and into the Chief Innovation Officer role on June 9th. Donal O'Sullivan, an executive with extensive software development and product management leadership, joined Kneat at that time as Chief Product Officer. In June 2025, Kneat announced that it signed a multi-year Master Services Agreement with a leading global healthcare technology company. The Company, which employs over 50,000 people and manufactures in more than a dozen countries worldwide, will use the Kneat Gx platform initially to digitize its Commissioning, Qualification and Validation workflows for facilities, equipment and computer systems at several lead manufacturing sites. Also in June 2025, Kneat announced the retirement of its CFO Hugh Kavanagh. The role will be filled by Dave O'Reilly, who joined Kneat in July. Dave served most recently as CFO of Ekco, a leading European managed security service provider, which he helped scale from startup to a business with $200 million in annual revenue. Prior to his time at Ekco he led the international finance function for a $4 billion-SaaS business, Consensus Cloud Solutions/Ziff Davis Inc., formerly J2 Global. In July, Kneat launched Kneat Gx 9.5, which advances the data management capabilities of our platform. New features include greater management and control over discrete datasets; deeper functionality for defining, regulating and tracing datasets to align with risk-based validation; and more advanced filtering and visibility for Requirements, Risks and Test evidence, critical pillars of effective and efficient validation. These features enable users to save time by leveraging data across more projects than ever before; empowering risk-based validation processes such as Computer Software Assurance; and exerting greater control over traceability that adapts to any workflow. 'Kneat's long history of solid execution is extended with the results reported today. I look forward to continuing the disciplined financial stewardship that precedes me in this role, and with it, Kneat's continuous scaling of the value we deliver to the Life Sciences industry." - Dave O'Reilly, Chief Financial Officer of Kneat. Quarterly Conference Call Eddie Ryan, Chief Executive Officer of Kneat and Dave O' Reilly, Chief Financial Officer of Kneat, along with outgoing Chief Financial Officer, Hugh Kavanagh, will host a conference call to discuss Kneat's second-quarter results and hold a Q&A for analysts and investors via webcast on Wednesday, August 6, 2025, at 9:00 a.m. ET. Interested parties can register for the live webcast via the following link: Register Here. About Kneat Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show up to 40% reduction in documentation cycle times, up to 20% faster speed to market, and a higher compliance standard. For more information visit Supplementary and Non-IFRS Financial Measures The Company uses supplementary financial measures as key performance indicators in its MD&A and other communications. Management uses both IFRS measures and supplementary, non-IFRS financial measures as key performance indicators when planning, monitoring and evaluating the Company's performance. Annual Recurring Revenue ('ARR') Kneat management use ARR to evaluate and assess the Company's performance, identify trends affecting its business, formulate financial projections and make financial decisions. The Company believes that ARR is a useful metric for investors as it provides a measure of the value of the recurring revenue at a point in time (end date of the relevant quarter). ARR is based on signed agreements and indicates the level of recurring revenue that the Company would anticipate reporting in a 12-month period based on the full annual SaaS and maintenance fees for existing customers. In specific circumstances, the Company may utilize pricing incentives for limited contract periods. These incentives are not included in the calculation of ARR. ARR is used by Kneat to assess the expected recurring revenues from the customers that are live on the Kneat Gx platform at the end of the period. ARR is calculated using the licenses delivered to customers at the period end, multiplied by the expected customer retention rate of 100% and multiplied by the full agreed annual SaaS license or maintenance fee. Since many of the customer contracts are in currencies other than the Canadian dollar, the Canadian dollar equivalent is calculated using the related period end exchange rate multiplied by the contracted currency amount. Earnings before Interest, Taxes, Depreciation and Amortization ('EBITDA') EBITDA is calculated as net income (loss) attributable to excluding interest income (expense), provision for income taxes, depreciation and amortization. We provide and use this non-IFRS measure of our operating performance to highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures and to inform financial comparisons with other companies. A reconciliation of EBITDA to IFRS financial measures is provided in the financial statements accompanying this press release. Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ('Adjusted EBITDA') Adjusted EBITDA is calculated as net income (loss) attributable to excluding interest income (expense), provision for income taxes, depreciation and amortization, foreign exchange gain and stock-based compensation expense. We provide and use this non-IFRS measure of our operating performance to highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures and to inform financial comparisons with other companies. A reconciliation of Adjusted EBITDA to IFRS financial measures is provided in the financial statements accompanying this press release. Cautionary and Forward-Looking Statements Except for the statements of historical fact contained herein, certain information presented constitutes 'forward-looking information' within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat's business development activities, the use and implementation timelines of Kneat's software within the customer's validation processes, the ability and intent of the customer to scale the use of Kneat's software within the customer's organization, our ability to win business from new customers and expand business from existing customers, our expected use of the net proceeds from the IPF Facility and the public equity financing completed in both February and October 2024 and the anticipated effects thereof on the business and operations of the company, and the compliance of Kneat's platform under regulatory audit and inspection. These and other assumptions, risks and uncertainties may cause Kneat's actual results, performance, achievements and developments to differ materially from the results, performance, achievements or developments expressed or implied by forward-looking statements. Material risks and uncertainties relating to our business are described under the headings 'Cautionary Note Regarding Forward-Looking Statements and Information' and 'Risk Factors' in our MD&A dated August 5, 2025, under the heading 'Risk Factors' in our Annual Information Form dated February 26, 2025 and in our other public documents filed with Canadian securities regulatory authorities, which are available at Forward-looking statements are provided to help readers understand management's expectations as at the date of this release and may not be suitable for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements. Kneat assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investor's own risk. For further information: Katie Keita, Kneat Investor RelationsP: + 1-902-450-2660E: Condensed Interim Consolidated Statements of Income/(Loss) and Comprehensive Loss Three-monthperiod ended June 30, 2025 Three-monthperiod ended June 30, 2024 Six-monthperiod ended June 30, 2025 Six-monthperiod ended June 30, 2024 $ $ $ $ Revenue 15,405,109 11,675,734 30,152,750 22,442,735 Cost of revenue (3,777,809 ) (2,982,094 ) (7,600,954 ) (5,816,109 ) Gross profit 11,627,300 8,693,640 22,551,796 16,626,626 Expenses Research and development (5,702,497 ) (4,761,889 ) (10,401,162 ) (8,807,437 ) Sales and marketing (6,129,942 ) (4,368,485 ) (11,246,419 ) (8,400,169 ) General and administrative (3,792,405 ) (2,194,999 ) (6,304,034 ) (4,300,588 ) Operating loss (3,997,544 ) (2,631,733 ) (5,399,819 ) (4,881,568 ) Finance expense (877,545 ) (870,905 ) (1,766,090 ) (1,738,356 ) Interest income 151,053 172,999 349,692 208,075 Foreign exchange gain 4,429,193 258,049 8,691,793 19,286 (Loss) income before income taxes (294,843 ) (3,071,590 ) 1,875,576 (6,392,563 ) Income tax expense (84,299 ) (28,553 ) (108,729 ) (44,440 ) Net (loss) income for the period (379,142 ) (3,100,143 ) 1,766,847 (6,437,003 ) Other comprehensive loss Foreign currency translation adjustment to presentation currency (1,833,771 ) (234,170 ) (3,832,292 ) (43,276 ) Comprehensive loss for the period (2,212,913 ) (3,334,313 ) (2,065,445 ) (6,480,279 ) (Loss)/Earnings per share - Basic and diluted (0.00 ) (0.04 ) 0.02 (0.08 ) Weighted-average number of common shares outstanding: Basic 94,728,598 85,581,420 94,469,559 83,293,224 Diluted 94,728,598 85,581,420 97,985,267 83,293,224 Reconciliation: Net (loss) income for the period (379,142 ) (3,100,143 ) 1,766,847 (6,437,003 ) Finance expense 877,545 870,905 1,766,090 1,738,356 Interest income (151,053 ) (172,999 ) (349,692 ) (208,075 ) Income tax expense 84,299 28,553 108,729 44,440 Depreciation charge 181,718 190,394 358,719 381,615 Amortization of intangible assets charge 3,155,635 2,688,851 6,002,381 4,523,062 EBITDA 3,769,002 505,561 9,653,074 42,395 Adjustments to EBITDA Foreign exchange gain (4,429,193 ) (258,049 ) (8,691,793 ) (19,286 ) Stock based compensation 1,090,175 1,338,990 1,787,193 2,151,163 Adjusted EBITDA 429,984 1,586,502 2,748,474 2,174,272 Condensed Interim Consolidated Statements of Financial Position June 30,2025 December 31, 2024 $ $ Assets Current assets Cash 66,771,997 58,889,572 Amounts receivable 11,176,423 18,377,009 Prepayments 1,861,908 1,870,095 79,810,328 79,136,676 Non-current assets Amounts receivable 4,798,361 2,368,006 Property and equipment 8,057,345 6,782,179 Intangible asset 41,999,419 36,290,869 Total Assets 134,665,453 124,577,730 Liabilities Current liabilities Accounts payable and accrued liabilities 11,071,328 8,580,104 Contract liabilities 26,550,906 21,631,416 Loan payable 6,012,075 4,116,723 Lease liabilities 401,739 434,096 44,036,048 34,762,339 Non-current liabilities Contract liabilities 3,063 33,393 Loan payable and accrued interest 17,338,181 19,038,203 Lease liabilities 6,911,364 5,671,952 Total Liabilities 68,288,656 59,505,887 Equity Shareholders' equity 66,376,797 65,071,843 Total Liabilities and Equity 134,665,453 124,577, Condensed Interim Consolidated Statement of Cash Flows Six-monthperiod ended June 30, 2025 Six-monthperiod ended June 30, 2024 Operating activities $ $ Net income (loss) for the period 1,766,847 (6,437,003 ) Charges to income (loss) not involving cash: Depreciation of property and equipment 358,719 381,615 Share-based compensation 1,787,193 2,151,163 Interest expense 1,672,870 1,738,356 Tax expense 108,729 44,440 Amortization of the intangible asset 6,002,381 4,523,062 Amortization of loan issuance costs 93,220 76,194 Foreign exchange gain (8,691,793 ) (19,286 ) (Decrease)/increase in non-current contract liabilities (31,359 ) 38,241 Net change in non-cash operating working capital related to operations 12,481,190 7,533,596 Net cash provided by operating activities 15,547,997 10,030,378 Financing activities Proceeds received from public equity financing - 20,000,110 Share issuance costs associated with public equity financing - (1,626,257 ) Payment of principal and interest on loans payable (3,154,648 ) (1,232,889 ) Proceeds from the exercise of stock options 989,061 1,051,787 Repayment of lease liabilities (394,650 ) (364,423 ) Net cash (used in)/provided by financing activities (2,560,237 ) 17,828,328 Investing activities Additions to the intangible asset (10,599,886 ) (9,675,371 ) Additions to property and equipment (96,462 ) (50,397 ) Collection of research and development tax credits 1,887,789 2,336,619 Net cash used in investing activities (8,808,559 ) (7,389,149 ) Effects of exchange rates on cash 3,703,224 170,762 Net change in cash during the period 7,882,425 20,640,319 Cash – Beginning of period 58,889,572 15,252,526 Cash – End of period 66,771,997 35,892,845 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Cboe Global Markets Reports Trading Volume for July 2025
Cboe Global Markets Reports Trading Volume for July 2025

Yahoo

timean hour ago

  • Yahoo

Cboe Global Markets Reports Trading Volume for July 2025

CHICAGO, Aug. 5, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported July monthly trading volume statistics across its global business lines. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain July trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines. Average Daily Trading Volume (ADV) by Month Year-To-Date Jul 2025 Jul 2024 % Chg Jun 2025 % Chg Jul 2025 Jul 2024 % Chg Multiply-listed options (contracts, k) 12,215 11,145 9.6 % 11,836 3.2 % 12,886 10,642 21.1 % Index options (contracts, k) 4,469 4,140 8.0 % 4,639 -3.7 % 4,688 4,065 15.3 % Futures (contracts, k)1 178 267 -33.3 % 185 -3.8 % 226 242 -6.3 % U.S. Equities - On-Exchange (matched shares, mn) 1,790 1,280 39.9 % 1,780 0.6 % 1,785 1,404 27.2 % U.S. Equities - Off-Exchange (matched shares, mn) 141 76 84.8 % 123 14.4 % 113 78 45.2 % Canadian Equities (matched shares, k) 150,096 122,608 22.4 % 146,058 2.8 % 154,298 144,633 6.7 % European Equities (€, mn) 12,490 9,229 35.3 % 11,811 5.7 % 13,560 9,665 40.3 % Cboe Clear Europe Cleared Trades (k) 122,973 105,831 16.2 % 110,623 11.2 % 935,981 699,176 33.9 % Cboe Clear Europe Net Settlements (k) 1,236 1,022 20.9 % 1,090 13.4 % 7,726 6,311 22.4 % Australian Equities (AUD, mn) 870 771 12.8 % 951 -8.5 % 884 764 15.7 % Global FX ($, mn) 48,514 45,586 6.4 % 51,222 -5.3 % 53,135 46,340 14.7 % 1 In the second quarter of 2025, Digital futures products were transitioned to Cboe Futures Exchange. Futures metrics prior to the second quarter of 2025 exclude Digital futures products. July 2025 Trading Volume Highlights U.S. Options Cboe's S&P 500 Index (SPX) and Mini-SPX Index (XSP) options set monthly volume records in zero-days-to-expiry (0DTE) trading, with 0DTE ADVs of 2.2 million and 60 thousand contracts, respectively. SPX options recorded its third most active trading day of all time on July 31 with 4.8 million contracts traded. European Equities Cboe Europe Equities hit record market shares in July for both overall trading (26.6%) and continuous trading (34.7%). About Cboe Global MarketsCboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit Cboe Media ContactsCboe Analyst Contact Angela Tu Tim CaveKenneth Hill, CFA +1-917-985-1496 +44 (0) 7593-506-719+1-312-786-7559 atu@ tcave@ CBOE-V Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor's®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor's or Cboe and neither Standard & Poor's nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners. Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein. Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation. Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release. There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. View original content to download multimedia: SOURCE Cboe Global Markets, Inc.

GM Says Nurburgring Lap Times Still Matter. Here's Why It's Right
GM Says Nurburgring Lap Times Still Matter. Here's Why It's Right

The Drive

timean hour ago

  • The Drive

GM Says Nurburgring Lap Times Still Matter. Here's Why It's Right

The latest car news, reviews, and features. Shocking nobody, GM has gone on record this week saying that Nürburgring lap times still matter. When you're spending millions of dollars on something, that says plenty on its own. But if you're paying somebody as talented as Bob Sorakanich to do your talking for you, you might as well let the man cook. I won't rehash his points here; they're precisely what you'd expect from a company that is locked in an expensive development battle with a cross-town rival. And say what you will about the current state of the automotive industry, but this game of lap time leapfrog is a breath of fresh air in an industry that is facing what amounts to a crisis of passion. But there's hope on that front, even if it comes in unusual forms. So long as there are engineers who want to be the best at what they do, that hunger will always manifest itself. We don't need the 'Ring to keep the automakers passionate. We need it to keep them honest . Ford Say what you will about what 'Ring-focused development has done to the modern luxury car. No, really. You're right. For the vast majority of cars developed at least in part at what amounts to Germany's least efficient toll road, the lap time itself is entirely irrelevant. If anything, many automakers are trying to stretch their time on track in an effort to learn as much as possible about the real-world performance of the cars they're testing. Save for a precious few, the countless prototypes we see testing somewhere in or around the facility will never grace its record board. And many things we now take for granted are a product of the 'Ring, its green hills rising like a high-performance tide, lifting the collective expectations of buyers who have been trained that newer must be bigger, faster, and more expensive. It's a mixed bag, I'll readily admit. I hate putting new summer tires on 20- and 21-inch wheels just as much as you do. But in an information climate where corporations are being empowered to set narratives as they see fit, the 'Ring remains a reliable anchor point. Words are cheaper than they've ever been; paying Bob to say Chevy believes in the 'Ring costs a lot less than actually taking a car there to prove it, that's for sure. So, as long as automakers remain willing to put their money where their mouth is, I say hell yes, 'Ring times still matter. And you should too. Got a tip on an automaker putting its money where their mouth is? Hit us up at tips@ .

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store