BriaCell subsidiary reports interim financial results

BriaCell Therapeutics Corp. (NASDAQ:BCTX), a biotechnology company specializing in pharmaceutical preparations with a market capitalization of $13.5 million, announced today that its subsidiary, BriaPro Therapeutics Corp., has filed its unaudited condensed interim financial statements for the three and six-month periods ending January 31, 2025. According to InvestingPro, the company’s overall financial health score is rated as WEAK, with notable cash burn concerns. These filings were made with the British Columbia Securities Commission and the Alberta Securities Commission.

The financial statements and accompanying management’s discussion and analysis reveal BriaPro’s financial performance and are now publicly accessible as part of the company’s regulatory disclosures. BriaCell Therapeutics Corp., which holds a two-thirds ownership in BriaPro, is headquartered in West Vancouver, British Columbia, and is recognized as an emerging growth company under the Securities Exchange Act of 1934. The company’s stock has experienced significant volatility, with a 91.8% decline over the past year, though it maintains a positive current ratio of 1.65 and holds more cash than debt on its balance sheet.

The documents, referred to as Exhibit 99.1 and Exhibit 99.2 in the SEC Form 8-K, provide stakeholders and the investing public with a detailed look at BriaPro’s financial activities over the specified period. However, the information within these exhibits is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section. Furthermore, it should not be assumed that the information is incorporated by reference into any of BriaCell’s filings under the Securities Act of 1933 or the Securities Exchange Act.

Investors and interested parties can refer to these documents for a comprehensive understanding of BriaPro’s financial health and operational progress. With the next earnings report due on March 14, 2025, InvestingPro subscribers can access 8 additional key insights and detailed financial metrics to make more informed investment decisions. It is important to note that the information disclosed is based on a press release statement and has not been independently verified.

BriaCell Therapeutics Corp. operates in the competitive pharmaceutical industry, and while the subsidiary’s financial results may be of interest to investors, the company has not disclosed any forward-looking statements or projections in this report. The focus remains strictly on presenting the financial data for the periods in question.

In other recent news, BriaCell Therapeutics has made significant strides, particularly with its novel immunotherapy, Bria-OTS. The company announced encouraging results from its Phase 1 trial, where a patient with metastatic breast cancer experienced a complete resolution of a lung metastasis. This promising outcome has led H.C. Wainwright to raise its price target for BriaCell to $32, maintaining a Buy rating. The analyst, Emily Bodnar, highlighted the potential of Bria-OTS even at low doses, with expectations for further improvements with higher doses and combination therapies.

Additionally, BriaCell successfully regained compliance with Nasdaq’s minimum bid price requirement, resolving a previous issue where the company’s stock had fallen below the $1.00 mark. This development was confirmed through a Form 8-K filing with the U.S. Securities and Exchange Commission. The Phase 1 trial of Bria-OTS is currently evaluating the therapy as a standalone treatment, with future plans to combine it with checkpoint inhibitors.

Dr. Neal Chawla, the Principal Investigator for the Bria-OTS study, expressed optimism about the rapid clinical activity and the treatment’s tolerability. Meanwhile, BriaCell’s President and CEO, Dr. William V. Williams, emphasized the potential of Bria-OTS to transform metastatic breast cancer treatment. These recent developments underscore BriaCell’s commitment to advancing cancer care through innovative immunotherapy solutions.

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