Earnings ·
Aligos Therapeutics receives $25M upfront payment from Xiamen Amoytop Biotech for Greater China license of pevifoscorvir sodium
ALGSAligos Therapeutics, Inc.
Aligos Therapeutics reported second quarter 2026 results and recent business progress. The company received a $25 million upfront payment from Xiamen Amoytop Biotech for the exclusive Greater China license of pevifoscorvir sodium, plus a $3 million milestone triggered by IND approval for its ASO candidate ALG-170675 in China. Pevifoscorvir sodium completed enrollment in the Phase 2 B-SUPREME study and received Breakthrough Therapy Designation from China's NMPA. Aligos reported a net loss of $1.5 million, or $(0.14) per share, compared to a $15.9 million loss in the prior year period. Cash, cash equivalents, and investments totaled $30.4 million as of June 30, 2026, excluding the July upfront payment. The company stated its cash position provides sufficient funding through the fourth quarter of 2026. Aligos Therapeutics is a clinical-stage biotechnology company developing therapies for liver and viral diseases.