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Scholar Rock Reports Third Quarter 2025 Financial Results and Recent Business Highlights

  • Scholar Rock held a constructive in-person Type A meeting with the FDA on November 12, 2025, regarding the apitegromab BLA for spinal muscular atrophy (SMA).
  • Catalent Indiana, LLC confirmed it is on track to be reinspection ready by the end of 2025.
  • Resubmission of the BLA & U.S. launch of apitegromab are anticipated in 2026 following FDA approval.
  • Timelines for apitegromab have been accelerated with a second U.S. fill-finish facility where tech transfer is underway & commercial capacity is reserved for Q1 2026.
  • The EMA expects to issue a decision on the apitegromab Marketing Authorisation Application by mid-2026.
  • Dosing has commenced in the Phase 2 OPAL study evaluating apitegromab in infants & toddlers under 2 years of age with SMA.
  • The FDA cleared the SRK-439 Investigational New Drug application, with dosing in healthy volunteers expected in Q4 2025.
  • Clinical development activities for a second neuromuscular indication are scheduled to initiate by year-end 2025.
  • Scholar Rock reported a net loss of $102.2 million for the quarter ended September 30, 2025, compared to $64.5 million in the prior year period.
  • Research & development expenses were $50.5 million, while general & administrative expenses increased to $53.1 million primarily due to launch readiness investments.
  • The company held $369.6 million in cash, cash equivalents, & marketable securities as of September 30, 2025, with funds expected to sustain operations into 2027.
  • No revenue was generated for the quarter ended September 30, 2025.
  • Scholar Rock hosted a conference call on November 14, 2025, at 8:00 a.m. ET to review financial results & business updates.