Intensity Therapeutics Reports Second Quarter 2025 Financial Results and Provides Corporate Update
Intensity Therapeutics (NASDAQ:INTS) reported Q2 2025 financial results and provided updates on its clinical trials. The company successfully raised over $11.3 million since Q2 2025, extending its cash runway into H2 2026. The INVINCIBLE-4 Study, testing INT230-6 in triple-negative breast cancer, showed promising early results with high tumor necrosis achieved in 8 days.
The company's Phase 3 INVINCIBLE-3 Study for soft tissue sarcoma has temporarily paused new enrollments due to previous funding constraints, though existing patients continue treatment. Q2 financial results showed reduced losses, with net loss decreasing to $2.5 million from $5.0 million year-over-year. R&D expenses decreased to $1.5 million from $3.6 million, while G&A expenses reduced to $1.2 million from $1.5 million.
Intensity Therapeutics (NASDAQ:INTS) ha comunicato i risultati finanziari del secondo trimestre 2025 e fornito aggiornamenti sui suoi trial clinici. L'azienda ha raccolto con successo oltre 11,3 milioni di dollari dal secondo trimestre 2025, estendendo la disponibilità di cassa fino alla seconda metà del 2026. Lo studio INVINCIBLE-4, che testa INT230-6 nel carcinoma mammario triplo negativo, ha mostrato risultati preliminari promettenti con un'elevata necrosi tumorale raggiunta in 8 giorni.
Lo studio di Fase 3 INVINCIBLE-3 per il sarcoma dei tessuti molli ha temporaneamente sospeso nuove iscrizioni a causa di precedenti vincoli finanziari, anche se i pazienti già arruolati continuano il trattamento. I risultati finanziari del secondo trimestre hanno evidenziato una riduzione delle perdite, con una perdita netta scesa a 2,5 milioni di dollari rispetto ai 5,0 milioni dell'anno precedente. Le spese in R&S sono diminuite a 1,5 milioni da 3,6 milioni, mentre le spese amministrative e generali sono scese a 1,2 milioni da 1,5 milioni.
Intensity Therapeutics (NASDAQ:INTS) informó los resultados financieros del segundo trimestre de 2025 y proporcionó actualizaciones sobre sus ensayos clínicos. La compañía logró recaudar con éxito más de 11,3 millones de dólares desde el segundo trimestre de 2025, extendiendo su liquidez hasta la segunda mitad de 2026. El estudio INVINCIBLE-4, que prueba INT230-6 en cáncer de mama triple negativo, mostró resultados iniciales prometedores con una alta necrosis tumoral lograda en 8 días.
El estudio de Fase 3 INVINCIBLE-3 para sarcoma de tejidos blandos ha pausado temporalmente nuevas inscripciones debido a limitaciones financieras previas, aunque los pacientes existentes continúan en tratamiento. Los resultados financieros del segundo trimestre mostraron pérdidas reducidas, con una pérdida neta que disminuyó a 2,5 millones de dólares desde 5,0 millones interanuales. Los gastos en I+D disminuyeron a 1,5 millones desde 3,6 millones, mientras que los gastos administrativos y generales se redujeron a 1,2 millones desde 1,5 millones.
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Intensity Therapeutics (NASDAQ:INTS) a publié ses résultats financiers du deuxième trimestre 2025 et a fourni des mises à jour sur ses essais cliniques. La société a réussi à lever plus de 11,3 millions de dollars depuis le deuxième trimestre 2025, prolongeant ainsi sa trésorerie jusqu'au second semestre 2026. L'étude INVINCIBLE-4, testant INT230-6 dans le cancer du sein triple négatif, a montré des résultats préliminaires prometteurs avec une nécrose tumorale élevée atteinte en 8 jours.
L'étude de phase 3 INVINCIBLE-3 pour le sarcome des tissus mous a temporairement suspendu les nouvelles inscriptions en raison de contraintes de financement antérieures, bien que les patients déjà inclus poursuivent leur traitement. Les résultats financiers du deuxième trimestre ont montré une réduction des pertes, avec une perte nette diminuée à 2,5 millions de dollars contre 5,0 millions d'une année sur l'autre. Les dépenses en R&D ont diminué à 1,5 million contre 3,6 millions, tandis que les frais généraux et administratifs ont été réduits à 1,2 million contre 1,5 million.
Intensity Therapeutics (NASDAQ:INTS) veröffentlichte die Finanzergebnisse für das zweite Quartal 2025 und gab Updates zu seinen klinischen Studien bekannt. Das Unternehmen hat seit dem zweiten Quartal 2025 erfolgreich über 11,3 Millionen US-Dollar eingeworben und damit seine Liquiditätsreichweite bis in die zweite Hälfte des Jahres 2026 verlängert. Die INVINCIBLE-4-Studie, die INT230-6 bei triple-negativem Brustkrebs testet, zeigte vielversprechende erste Ergebnisse mit hoher Tumornekrose bereits nach 8 Tagen.
Die Phase-3-Studie INVINCIBLE-3 für Weichteilsarkome hat aufgrund früherer Finanzierungsengpässe vorübergehend neue Einschreibungen gestoppt, während die bereits eingeschriebenen Patienten die Behandlung fortsetzen. Die Ergebnisse für das zweite Quartal zeigten reduzierte Verluste, mit einem Nettoverlust, der von 5,0 Millionen auf 2,5 Millionen US-Dollar gesunken ist. Die F&E-Ausgaben sanken von 3,6 Millionen auf 1,5 Millionen, während die Verwaltungs- und Gemeinkosten von 1,5 Millionen auf 1,2 Millionen zurückgingen.
- Raised $11.3 million in capital through multiple offerings, extending cash runway to H2 2026
- Promising early results in INVINCIBLE-4 Study showing high tumor necrosis in 8 days
- Net loss reduced by 50% year-over-year to $2.5 million
- Reduced operating expenses through cost-saving initiatives
- Expected compliance with Nasdaq's minimum stockholders' equity requirements
- INVINCIBLE-3 Phase 3 study enrollment paused due to funding constraints
- Cash position of only $2.2 million as of June 30, 2025
- Multiple dilutive capital raises required to maintain operations
- Delayed timeline for INVINCIBLE-3 study completion due to enrollment pause
Insights
Intensity's INT230-6 shows promising tumor necrosis in breast cancer trials while securing $11.3M funding, extending cash runway to late 2026.
Intensity Therapeutics has reported notable financial and clinical progress for its lead compound INT230-6. The company has successfully raised
The INVINCIBLE-4 study, evaluating INT230-6 prior to standard-of-care treatment in early-stage triple-negative breast cancer (TNBC), has shown particularly promising results. Early imaging data demonstrated substantial tumor necrosis within just 8 days after administration, with scans revealing significant reduction in tumor activity following just two doses. This rapid tumor-killing effect could potentially enhance pathological complete response rates when combined with standard treatments - an important endpoint in breast cancer trials that correlates with improved survival outcomes.
The mechanism of action appears compelling: INT230-6 is designed to directly kill tumor cells while simultaneously increasing immune recognition of cancers. The observed necrotic effect supports the drug's tumor-killing capability, which could theoretically enhance the efficacy of subsequent standard treatments by reducing tumor burden and potentially increasing immunogenicity.
However, financial constraints have impacted the company's INVINCIBLE-3 Phase 3 study in soft tissue sarcoma, with new patient enrollment paused in March 2025. Only 23 patients were enrolled prior to the pause, which raises questions about the timeline for potential regulatory approval in this indication. The company appears to be strategically focusing resources on the INVINCIBLE-4 breast cancer study while maintaining existing patients in the sarcoma trial.
Intensity has also demonstrated
Intensity's $11.3M capital raise extends runway to 2H 2026, slashing quarterly burn rate from $5M to $2.5M while advancing key breast cancer trial.
Intensity Therapeutics has significantly strengthened its financial position, raising
The company's cash conservation efforts have yielded impressive results. Their quarterly net loss was reduced by
R&D expenses saw a substantial
As of June 30, cash reserves stood at only
Importantly, the company believes these capital raises have addressed Nasdaq's minimum stockholders' equity requirements, reducing delisting risk. The strategic focus on the INVINCIBLE-4 breast cancer study while maintaining but not expanding the sarcoma trial demonstrates prudent capital allocation. With remaining capacity in their ATM facility, Intensity has positioned itself with additional financial flexibility for strategic opportunities while advancing their most promising clinical program.
- Over
raised since the beginning of 2Q 2025$11 million - Cash runway extended into the second half of 2026
- In the INVINCIBLE-4 Study, patients receiving INT230-6 prior to the start of standard of care achieved high levels of tumor necrosis in 8 days
- INT230-6 achieved
100% complete response rate in preclinical models of malignant peripheral nerve sheath tumors
Corporate Update
INVINCIBLE-4 Study: Phase 2 randomized open-label, multicenter study to analyze the clinical activity, safety, and tolerability of INT230-6 given before administration of the standard of care ("SOC") treatment in patients with early-stage, operable triple-negative breast cancer and SOC alone. The primary endpoint is the change in the pathological complete response rate for the combination compared to the SOC alone. In April, the European Medicines Agency authorized the initiation of the INVINCIBLE-4 Study in
The INVINCIBLE-4 Study is currently recruiting patients in
INVINCIBLE-3 Study: Phase 3 open-label, randomized study testing INT230-6 as monotherapy compared to the SOC drugs in second and third line treatment for specific soft tissue sarcoma subtypes. This study has been authorized by the US FDA, Health Canada, the European Medicines Agency (for
Capital Raises and Cash Runway: Since the beginning of the second quarter of 2025, the Company has raised an aggregate of
- In April 2025, the Company entered into a Securities Purchase Agreement with certain institutional investors participating in a public offering and raised an aggregate of
, with net proceeds after deducting the fees and expenses of approximately$2.35 million .$1.9 million - In June 2025, the Company entered into an Underwriting Agreement with ThinkEquity LLC in a public offering and raised an aggregate of
, with net proceeds after deducting the fees and expenses of approximately$2.3 million .$1.8 million - In July 2025, the Company raised an aggregate of
via its ATM, with net proceeds after deducting the fees and expenses of approximately$6.6 million .$6.3 million
"In a challenging financial market, we were able to raise capital and lower our burn rate during the second quarter to continue to treat patients in our two studies, and in July 2025, high liquidity in our stock allowed us to raise additional gross proceeds of
Second Quarter 2025 Financial Results
Research and development expenses were
General and administrative expenses were
Overall, net loss was
As of June 30, 2025, cash and cash equivalents totaled
About INT230-6
INT230-6, Intensity's lead proprietary investigational product candidate, is designed for direct intratumoral injection. INT230-6 was discovered using Intensity's proprietary DfuseRx� technology platform. The drug consists of two proven, potent anti-cancer agents, cisplatin and vinblastine sulfate, and a diffusion and cell penetration enhancer molecule ("SHAO") that facilitates the dispersion of potent cytotoxic drugs throughout tumors, allowing the active agents to diffuse into cancer cells. These agents remain in the tumor, resulting in a favorable safety profile. In addition to local disease control and direct tumor killing, INT230-6 causes a release of a bolus of neoantigens specific to the malignancy, leading to immune system engagement and systemic anti-tumor effects. Importantly, these effects are mediated without immunosuppression, which often occurs with systemic chemotherapy.
About Intensity Therapeutics
Intensity is a late-stage clinical biotechnology company whose novel engineered chemistry enables aqueous cytotoxic-containing drug formulations to mix and saturate a tumor's dense, high-fat, pressurized environment following direct intratumoral injection. As a result of the saturation, Intensity's clinical trials have demonstrated the ability of INT230-6 to kill tumors and elicit an adaptive immune response within days of injection, representing a new approach to cancer cell death that holds the potential to shift the treatment paradigm and turn many deadly cancers into chronic diseases even for malignancies that do not respond to conventional immunotherapy. Intensity has completed two clinical studies and enrolled over 200 patients using INT230-6; a Phase 1/2 dose escalation study in metastatic cancers including sarcomas ), and a Phase 2 randomized control clinical trial in locally advanced breast cancer (the "INVINCIBLE-2 Study") (NCT04781725) in women without undergoing chemotherapy prior to their surgery. The Company initiated a Phase 3 trial in soft tissue sarcoma (the "INVINCIBLE-3 Study") (NCT06263231), testing INT230-6 as second or third line monotherapy compared to the standard of care ("SOC") with overall survival as an endpoint. Intensity also initiated a Phase 2 study (the "INVINCIBLE-4 Study") (NCT06358573) in collaboration with the Swiss Cancer Group, formerly the Swiss Group for Clinical Cancer Research SAKK, as part of a Phase 2/3 program evaluating INT230-6 followed by the SOC immunochemotherapy and the SOC alone for patients with presurgical triple-negative breast cancer. Pathological complete response ("pCR") is the endpoint. For more information about Intensity, including publications, papers and posters about its novel approach to cancer therapeutics, visit .
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These statements include, but are not limited to, statements relating to the Company's expected future plans, cash runway, development activities, projected milestones, business activities or results. When or if used in this communication, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict" and similar expressions and their variants, as they relate to the Company or its management, may identify forward-looking statements. The forward-looking statements contained in this press release are based on management's current expectations and projections about future events. Nevertheless, actual results or events could differ materially from the plans, intentions, and expectations disclosed in, or implied by, the forward-looking statements. These risks and uncertainties, many of which are beyond our control, include: the initiation, timing, progress and results of future preclinical studies and clinical trials and research and development programs; the need to raise additional funding before the Company can expect to generate any revenues from product sales; plans to develop and commercialize product candidates; the timing or likelihood of regulatory filings and approvals; the ability of the Company's research to generate and advance additional product candidates; the risk that product candidates that appear promising in early research and clinical trials do not demonstrate safety and/or efficacy in larger-scale or later clinical trials; the implementation of the Company's business model, strategic plans for the Company's business, product candidates and technology; commercialization, marketing and manufacturing capabilities and strategy; the rate and degree of market acceptance and clinical utility of the Company's system; the Company's competitive position; the Company's intellectual property position; developments and projections relating to the Company's competitors and its industry; the Company's ability to maintain and establish collaborations or obtain additional funding; expectations related to the use of cash and cash equivalents and investments; our potential inability to satisfy the Nasdaq Capital Market's requirements for continued listing and be subject to delisting; estimates regarding expenses, future revenue, capital requirements and needs for additional financing; and other risks described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company's subsequent SEC filings, which can be obtained on the SEC website at . Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management's current estimates, projections, expectations and beliefs. The Company does not plan to update any such forward-looking statements and expressly disclaims any duty to update the information contained in this press release except as required by law.
Investor Relations Contact:
Justin Kulik
[email protected]
(558) 230-6401
Media Contact:
Jules Abraham
CORE IR
[email protected]
Intensity Therapeutics, Inc. Statements of Operations (in thousands, except share and per share amounts) (Unaudited) | |||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Operating expenses: | |||||||
Research and development | $ 1,541 | $ 3,563 | $ 3,730 | $ 6,378 | |||
General and administrative | 1,164 | 1,506 | 2,369 | 3,434 | |||
Total operating expenses | 2,705 | 5,069 | 6,099 | 9,812 | |||
Loss from operations | (2,705) | (5,069) | (6,099) | (9,812) | |||
Other income (expense): | |||||||
Interest income | 17 | 98 | 33 | 238 | |||
Other income, net | 151 | � | 182 | � | |||
Net loss | $ (2,537) | $ (4,971) | $ (5,884) | $ (9,574) | |||
Loss per share, basic and diluted | $ (0.13) | $ (0.36) | $ (0.35) | $ (0.70) | |||
Weighted average number of shares of common stock, basic and diluted | 18,868,124 | 13,712,152 | 17,030,867 | 13,710,819 |
Intensity Therapeutics, Inc. Balance Sheets (in thousands) | |||
June 30, 2025 | December 31, 2024 | ||
(Unaudited) | * | ||
Assets | |||
Current assets: | |||
Cash and cash equivalents | $ 2,216 | $ 2,590 | |
Prepaid expenses and other current assets | 822 | 773 | |
Total current assets | 3,038 | 3,363 | |
Right-of-use asset, net | 109 | 122 | |
Other assets | 1,296 | 1,298 | |
Total assets | $ 4,443 | $ 4,783 | |
Liabilities and Stockholders' Equity | |||
Current liabilities: | |||
Accounts payable | $ 1,193 | $ 1,219 | |
Accrued expenses | 941 | 508 | |
Lease liability, current portion | 30 | 28 | |
Total current liabilities | 2,164 | 1,755 | |
Lease liability, net of current portion | 95 | 110 | |
Total liabilities | 2,259 | 1,865 | |
Total stockholders' equity | 2,184 | 2,918 | |
Total liabilities and stockholders' equity | $ 4,443 | $ 4,783 | |
*Derived from audited financial statements |
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