aTyr Pharma Announces Second Quarter 2025 Results and Provides Corporate Update
aTyr Pharma (NASDAQ: ATYR) has announced significant progress in its clinical programs during Q2 2025. The company completed the last patient visit in its pivotal Phase 3 EFZO-FIT� study of efzofitimod for pulmonary sarcoidosis, with topline results expected in mid-September 2025. The study enrolled 268 patients across 85 centers in nine countries.
The company also reported promising interim data from its Phase 2 EFZO-CONNECT� study for systemic sclerosis-related ILD, showing improvements in skin fibrosis measures and biomarkers. Additionally, ATYR0101 advanced to IND candidate stage for pulmonary fibrosis.
Financially, aTyr reported $83.2 million in cash and investments as of June 30, 2025, and raised an additional $30.7 million through an ATM offering. Q2 expenses included $15.4 million in R&D and $4.9 million in G&A costs.
aTyr Pharma (NASDAQ: ATYR) ha annunciato progressi significativi nei suoi programmi clinici durante il secondo trimestre del 2025. L'azienda ha completato l'ultima visita del paziente nello studio pivotale Phase 3 EFZO-FIT� sull'efzofitimod per la sarcoidosi polmonare, con i risultati principali attesi per metà settembre 2025. Lo studio ha arruolato 268 pazienti in 85 centri distribuiti in nove paesi.
La società ha inoltre riportato dati preliminari promettenti dallo studio Phase 2 EFZO-CONNECT� per la ILD correlata alla sclerosi sistemica, evidenziando miglioramenti nelle misure della fibrosi cutanea e nei biomarcatori. Inoltre, ATYR0101 è passato allo stadio di candidato IND per la fibrosi polmonare.
Dal punto di vista finanziario, aTyr ha riportato 83,2 milioni di dollari in contanti e investimenti al 30 giugno 2025, raccogliendo ulteriori 30,7 milioni di dollari tramite un'offerta ATM. Le spese del secondo trimestre includevano 15,4 milioni di dollari in R&S e 4,9 milioni di dollari in costi amministrativi e generali.
aTyr Pharma (NASDAQ: ATYR) ha anunciado avances significativos en sus programas clínicos durante el segundo trimestre de 2025. La compañía completó la última visita de pacientes en su estudio pivotal Fase 3 EFZO-FIT� de efzofitimod para sarcoidosis pulmonar, con resultados preliminares esperados para mediados de septiembre de 2025. El estudio incluyó a 268 pacientes en 85 centros de nueve países.
También reportaron datos interinos prometedores del estudio Fase 2 EFZO-CONNECT� para ILD relacionada con esclerosis sistémica, mostrando mejoras en medidas de fibrosis cutánea y biomarcadores. Además, ATYR0101 avanzó a la etapa de candidato IND para fibrosis pulmonar.
En cuanto a finanzas, aTyr reportó 83,2 millones de dólares en efectivo e inversiones al 30 de junio de 2025, y recaudó 30,7 millones de dólares adicionales mediante una oferta ATM. Los gastos del segundo trimestre incluyeron 15,4 millones de dólares en I+D y 4,9 millones de dólares en costos administrativos y generales.
aTyr Pharma (NASDAQ: ATYR)� 2025� 2분기 동안 임상 프로그램에서 중요� 진전� 발표했습니다. 회사� � 육아종증 치료제인 efzofitimod� 중추적인 3� EFZO-FIT� 연구에서 마지� 환자 방문� 완료했으�, 주요 결과� 2025� 9� 중순� 발표� 예정입니�. � 연구에는 9개국 85� 센터에서 268�� 환자가 등록되었습니�.
또한, 전신 경화� 관� 간질� 폐질�(ILD)� 대상으� � 2� EFZO-CONNECT� 연구에서 피부 섬유� 지표와 생체표지� 개선� 보여주는 유망� 중간 데이터를 보고했습니다. 추가�, ATYR0101은 � 섬유증에 대� IND 후보 단계� 진입했습니다.
재무적으�, aTyr� 2025� 6� 30� 기준 8,320� 달러� 현금 � 투자금을 보고했으�, ATM 공모� 통해 추가� 3,070� 달러� 조달했습니다. 2분기 비용에는 1,540� 달러� 연구개발비와 490� 달러� 일반관리비가 포함되었습니�.
aTyr Pharma (NASDAQ : ATYR) a annoncé des progrès significatifs dans ses programmes cliniques au cours du deuxième trimestre 2025. La société a achevé la dernière visite patient de son étude pivot Phase 3 EFZO-FIT� sur l’efzofitimod pour la sarcoïdose pulmonaire, avec des résultats principaux attendus à la mi-septembre 2025. L’étude a recruté 268 patients dans 85 centres répartis dans neuf pays.
La société a également rapporté des données intermédiaires prometteuses de son étude Phase 2 EFZO-CONNECT� portant sur la maladie pulmonaire interstitielle liée à la sclérodermie systémique, montrant des améliorations des mesures de fibrose cutanée et des biomarqueurs. De plus, ATYR0101 a progressé au stade de candidat IND pour la fibrose pulmonaire.
Sur le plan financier, aTyr a déclaré disposer de 83,2 millions de dollars en liquidités et investissements au 30 juin 2025, et a levé 30,7 millions de dollars supplémentaires grâce à une offre ATM. Les dépenses du deuxième trimestre comprenaient 15,4 millions de dollars en R&D et 4,9 millions de dollars en frais généraux et administratifs.
aTyr Pharma (NASDAQ: ATYR) hat im zweiten Quartal 2025 bedeutende Fortschritte in seinen klinischen Programmen bekanntgegeben. Das Unternehmen schloss die letzte Patientenuntersuchung in der entscheidenden Phase-3-Studie EFZO-FIT� zu Efzofitimod bei pulmonaler Sarkoidose ab, wobei die wichtigsten Ergebnisse Mitte September 2025 erwartet werden. Die Studie umfasste 268 Patienten an 85 Zentren in neun Ländern.
Das Unternehmen berichtete zudem vielversprechende Zwischenresultate aus der Phase-2-Studie EFZO-CONNECT� zur ILD bei systemischer Sklerose, die Verbesserungen bei Hautfibrose-Messungen und Biomarkern zeigten. Darüber hinaus erreichte ATYR0101 den IND-Kandidatenstatus für pulmonale Fibrose.
Finanziell meldete aTyr zum 30. Juni 2025 83,2 Millionen US-Dollar an liquiden Mitteln und Investitionen und sammelte weitere 30,7 Millionen US-Dollar durch ein ATM-Angebot ein. Die Ausgaben im zweiten Quartal beliefen sich auf 15,4 Millionen US-Dollar für Forschung und Entwicklung sowie 4,9 Millionen US-Dollar für Verwaltungskosten.
- Completion of Phase 3 EFZO-FIT� study last patient visit, with topline results expected soon
- Positive interim data from Phase 2 EFZO-CONNECT� study showing improvement in skin fibrosis measures
- Strong cash position of $83.2M plus additional $30.7M raised through ATM offering
- Advancement of ATYR0101 to IND candidate stage for pulmonary fibrosis
- Addition to Russell 2000® and Russell 3000® Indexes
- Significant ongoing R&D expenses of $15.4M in Q2
- Continued cash burn requiring additional fundraising through ATM offering
Insights
aTyr Pharma nears critical Phase 3 readout for efzofitimod in pulmonary sarcoidosis with $113.9M cash position supporting post-data operations.
aTyr Pharma has reached a significant clinical milestone with the completion of the last patient visit in their Phase 3 EFZO-FIT� study of efzofitimod for pulmonary sarcoidosis. This pivotal trial enrolled 268 patients across 85 centers in nine countries, positioning the company for a crucial data readout in mid-September 2025. The study design features a forced steroid taper with a primary endpoint measuring absolute change in steroid reduction from baseline to week 48 � a clinically meaningful goal as steroid dependency is a major challenge in sarcoidosis management.
The upcoming Phase 3 results represent a transformative inflection point for aTyr's lead program. If positive, efzofitimod could address a significant unmet need in pulmonary sarcoidosis, a form of interstitial lung disease with limited treatment options. The company has strategically positioned itself financially for this milestone, reporting $83.2 million in cash and investments as of June 30, with an additional $30.7 million raised through an ATM offering after quarter-end. This $113.9 million total cash position provides runway for at least one year beyond the Phase 3 readout.
Beyond their lead program, aTyr is expanding efzofitimod's potential with the ongoing Phase 2 EFZO-CONNECT� study in systemic sclerosis-related ILD. Interim data showed promising improvements in skin fibrosis scores and biomarkers. The company has also advanced ATYR0101 to IND candidate stage for pulmonary fibrosis, further strengthening their pipeline. With $15.4 million in R&D expenses and $4.9 million in G&A costs for Q2, aTyr demonstrates focused capital allocation toward advancing their clinical programs while maintaining disciplined operational spending.
Last patient visit completed in Phase 3 EFZO-FIT� study of efzofitimod in pulmonary sarcoidosis; topline results expected in mid-September 2025.
SAN DIEGO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR) (“aTyr� or the “Company�), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced second quarter 2025 results and provided a corporate update.
“With the recent completion of the last patient visit in our Phase 3 EFZO-FIT� study of efzofitimod in pulmonary sarcoidosis, a major form of interstitial lung disease (ILD), we are on track to report topline data in mid-September,� said Sanjay S. Shukla, M.D., M.S., President and Chief Executive Officer of aTyr. “This upcoming readout represents a major inflection point for aTyr, our clinical program for efzofitimod in ILD, and the broader sarcoidosis community, and we look forward to sharing the results.�
Second Quarter 2025 and Subsequent Period Highlights
- Completed the last patient visit in the global pivotal Phase 3 EFZO-FIT� study to evaluate the efficacy and safety of efzofitimod in patients with pulmonary sarcoidosis. Topline data from the study are expected in mid-September 2025. This is a randomized, double-blind, placebo-controlled, 52-week study consisting of three parallel cohorts randomized equally to either 3.0 mg/kg or 5.0 mg/kg of efzofitimod or placebo administered intravenously monthly for a total of 12 doses. The study enrolled 268 patients with pulmonary sarcoidosis across 85 centers in nine countries. The trial design incorporates a forced steroid taper. The primary endpoint of the study is steroid reduction measured as the absolute change from baseline to week 48. Secondary endpoints include measures of sarcoidosis symptoms and lung function. Patients who complete the study and wish to receive treatment with efzofitimod outside of the clinical trial are eligible to participate in an Individual Patient Expanded Access Program.
- Announced interim data from the ongoing Phase 2 EFZO-CONNECT� study to evaluate the efficacy, safety and tolerability of efzofitimod in patients with limited or diffuse systemic sclerosis (SSc, or scleroderma)-related ILD (SSc-ILD). This proof-of-concept study is a randomized, double-blind, placebo-controlled, 28-week study consisting of three parallel cohorts randomized 2:2:1 to either 270 mg or 450 mg of efzofitimod or placebo administered intravenously monthly for a total of six doses. Enrollment in the study is ongoing, and the studyintends to enroll up to 25 patients at multiple centers in the United States. The interim analysis evaluated skin assessments and serum biomarkers at baseline and week 12 for efzofitimod and placebo patients. Eight patients were evaluated, including five with diffuse and three with limited SSc-ILD. Key findings for efzofitimod-treated patients to date included:
- Stable or improved modified Rodnan Skin Score (mRSS), a key measure of skin fibrosis, for all patients and an improvement of 4 points or greater for three out of four efzofitimod-treated patients with diffuse SSc-ILD, where the minimal clinically important difference (MCID) is a 4 to 6 point improvement at 12 months
- Preliminary signals of improvement for inflammatory biomarkers including interferon gamma (IFN-γ) and monocyte chemoattractant protein-1 (MCP-1) and disease biomarkers Krebs von den Lungen-6 (KL-6) and surfactant protein-D (SP-D)
- Efzofitimod was generally safe and well tolerated at all doses, with no treatment related serious adverse events
- Announced interim data from the ongoing Phase 2 EFZO-CONNECT� study to evaluate the efficacy, safety and tolerability of efzofitimod in patients with limited or diffuse systemic sclerosis (SSc, or scleroderma)-related ILD (SSc-ILD). This proof-of-concept study is a randomized, double-blind, placebo-controlled, 28-week study consisting of three parallel cohorts randomized 2:2:1 to either 270 mg or 450 mg of efzofitimod or placebo administered intravenously monthly for a total of six doses. Enrollment in the study is ongoing, and the studyintends to enroll up to 25 patients at multiple centers in the United States. The interim analysis evaluated skin assessments and serum biomarkers at baseline and week 12 for efzofitimod and placebo patients. Eight patients were evaluated, including five with diffuse and three with limited SSc-ILD. Key findings for efzofitimod-treated patients to date included:
- Advanced ATYR0101 to investigational new drug (IND) candidate stage for pulmonary fibrosis. ATYR0101 is a fusion protein derived from a proprietary extracellular domain of aspartyl-tRNA synthetase (DARS) that binds to latent transforming growth factor beta binding protein 1 (LTBP-1) to induce cell death of myofibroblasts, which are key cells responsible for driving the progression of fibrosis. The Company anticipates filing an IND application in the second half of 2026.
- Preclinical data generated to date demonstrating ATYR0101’s unique anti-fibrotic mechanism through LTBP-1 were presented in an oral presentation at the American Thoracic Society 2025 Respiratory Innovation Summit
- Announced that the Company was added to the Russell 2000® Index and broad market Russell 3000® Index. These additions were a part of the 2025 Russell U.S. Indexes annual reconstitution.
Second Quarter 2025 Financial Highlights and Cash Position
- Cash & Investment Position: Cash, cash equivalents, restricted cash and available-for-sale investments as of June 30, 2025, were
$83.2 million . Subsequent to the end of the second quarter 2025, the Company raised approximately$30.7 million in gross proceeds from its at-the-market (ATM) offering with Jefferies LLC. The Company believes its cash runway will be sufficient to fund its operations for a period of one year following the Phase 3 EFZO-FIT� readout.
- R&D Expenses: Research and development expenses were
$15.4 million for the second quarter 2025, which consisted primarily of clinical trial costs for the Phase 3 EFZO-FIT� and Phase 2 EFZO-CONNECT� studies, manufacturing costs for the efzofitimod program and research and development costs for the efzofitimod and discovery programs. - G&A Expenses: General and administrative expenses were
$4.9 million for the second quarter 2025.
About Efzofitimod
Efzofitimod is a first-in-class biologic immunomodulator in clinical development for the treatment of interstitial lung disease (ILD), a group of immune-mediated disorders that can cause inflammation and fibrosis, or scarring, of the lungs. Efzofitimod is a tRNA synthetase derived therapy that selectively modulates activated myeloid cells through neuropilin-2 to resolve inflammation without immune suppression and potentially prevent the progression of fibrosis. aTyr is currently investigating efzofitimod in the global Phase 3 EFZO-FIT� study in patients with pulmonary sarcoidosis, a major form of ILD, and in the Phase 2 EFZO-CONNECT� study in patients with systemic sclerosis (SSc, or scleroderma)-related ILD. These forms of ILD have limited therapeutic options and there is a need for safer and more effective, disease-modifying treatments that improve outcomes.
About aTyr
aTyr is a clinical stage biotechnology company leveraging evolutionary intelligence to translate tRNA synthetase biology into new therapies for fibrosis and inflammation. tRNA synthetases are ancient, essential proteins that have evolved novel domains that regulate diverse pathways extracellularly in humans. aTyr’s discovery platform is focused on unlocking hidden therapeutic intervention points by uncovering signaling pathways driven by its proprietary library of domains derived from all 20 tRNA synthetases. aTyr’s lead therapeutic candidate is efzofitimod, a first-in-class biologic immunomodulator in clinical development for the treatment of interstitial lung disease, a group of immune-mediated disorders that can cause inflammation and progressive fibrosis, or scarring, of the lungs. For more information, please visit .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identified by the use of words such as “aims,� “anticipates,� “believes,� “can,� “designed,� “expects,� “hopes,� “intends,� “look toward,� “may,� “plans,� “potential,� “project,� “will,� and variations of such words or similar expressions. We intend these forward-looking statements to be covered by such safe harbor provisions for forward-looking statements and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include, among others, statements regarding the expected size of, and number of patients to be enrolled in, the EFZO-CONNECT� study; the potential therapeutic benefits and applications of efzofitimod; expectations regarding our financial guidance and the sufficiency of our cash runway; and timelines and plans with respect to certain development activities and development goals, including our expectation that our Phase 3 EFZO-FIT� study of efzofitimod in patients with pulmonary sarcoidosis will report topline data in mid-September 2025. These forward-looking statements also reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects, as reflected in or suggested by these forward-looking statements, are reasonable, we can give no assurance that the plans, intentions, expectations, strategies or prospects will be attained or achieved. All forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain. Furthermore, actual results may differ materially from those described in these forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks related to our reliance on third-party partners and the potential that such partners may not perform as anticipated, the fact that NRP2 and tRNA synthetase biology is not fully understood, uncertainty regarding the ultimate long-term impact of evolving macroeconomic and geopolitical conditions, the risk of delays in our clinical trials, risks associated with the discovery, development and regulation of our product candidates, including the uncertainty of related costs and regulatory filings and the risk that results from clinical trials or other studies may not support further development, the risk that we may cease or delay preclinical or clinical development activities for any of our existing or future product candidates for a variety of reasons, the fact that our collaboration agreements are subject to early termination, and the risk that we may not be able to raise the additional funding required for our business and product development plans, as well as those risks set forth in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in our other SEC filings. Except as required by law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
ATYR PHARMA INC. | ||||||||||||||||
Condensed Consolidated Statements of Operations | ||||||||||||||||
(in thousands, except share and per share data) | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June30, | June30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
(unaudited) | ||||||||||||||||
Revenues: | ||||||||||||||||
License and collaboration agreement revenues | $ | � | $ | � | $ | � | $ | 235 | ||||||||
Total revenues | � | � | � | 235 | ||||||||||||
Operating expenses: | ||||||||||||||||
Research and development | 15,384 | 13,973 | 27,198 | 27,337 | ||||||||||||
General and administrative | 4,929 | 3,342 | 8,888 | 6,849 | ||||||||||||
Total operating expenses | 20,313 | 17,315 | 36,086 | 34,186 | ||||||||||||
Loss from operations | (20,313 | ) | (17,315 | ) | (36,086 | ) | (33,951 | ) | ||||||||
Total other income (expense), net | 781 | 1,009 | 1,673 | 2,158 | ||||||||||||
Consolidated net loss | (19,532 | ) | (16,306 | ) | (34,413 | ) | (31,793 | ) | ||||||||
Net loss (gain) attributable to noncontrolling interest in Pangu BioPharma Limited | 1 | � | 2 | (4 | ) | |||||||||||
Net loss attributable to aTyr Pharma, Inc. | $ | (19,531 | ) | $ | (16,306 | ) | $ | (34,411 | ) | $ | (31,797 | ) | ||||
Net loss per share, basic and diluted | $ | (0.22 | ) | $ | (0.23 | ) | $ | (0.39 | ) | $ | (0.46 | ) | ||||
Shares used in computing net loss per share, basic and diluted | 90,120,235 | 72,284,351 | 88,312,722 | 69,204,401 |
ATYR PHARMA INC. | ||||||||
Condensed Consolidated Balance Sheets | ||||||||
(in thousands) | ||||||||
June30, | December31, | |||||||
2025 | 2024 | |||||||
(unaudited) | ||||||||
Cash, cash equivalents, restricted cash and available-for-sale investments | $ | 83,224 | $ | 75,076 | ||||
Other receivables | 498 | 1,736 | ||||||
Property and equipment, net | 4,526 | 4,850 | ||||||
Operating lease, right-of-use assets | 5,678 | 5,817 | ||||||
Financing lease, right-of-use assets | 894 | 1,192 | ||||||
Prepaid expenses and other assets | 6,714 | 8,159 | ||||||
Total assets | $ | 101,534 | $ | 96,830 | ||||
Accounts payable and accrued expenses | $ | 14,200 | $ | 13,715 | ||||
Current portion of operating lease liability | 769 | 711 | ||||||
Current portion of financing lease liability | 562 | 541 | ||||||
Long-term operating lease liability, net of current portion | 10,745 | 11,144 | ||||||
Long-term financing lease liability, net of current portion | 602 | 887 | ||||||
Total stockholders� equity | 74,656 | 69,832 | ||||||
Total liabilities and stockholders� equity | $ | 101,534 | $ | 96,830 |
Contact:
Ashlee Dunston
Sr. Director, Investor Relations and Public Affairs
