Jul. 1 at 8:37 PM
$AEON Biopharma (NYSE: AEON) reported its Q1 2025 financial results and corporate updates. The company is advancing ABP-450 development through a 351(k) biosimilar regulatory pathway, using BOTOX as the reference product. This pathway could potentially enable a single FDA approval covering all of BOTOX's current and future therapeutic indications. AEON appointed Rob Bancroft as President and CEO, who brings 25+ years of life sciences experience. The company reported
$10.4 million in cash as of March 31, 2025, expected to fund operations through Q4 2025. AEON received NYSE American's acceptance of its compliance plan, with a deadline until August 2026 to meet listing standards. The company is preparing for a Biosimilar BPD Type 2a meeting with FDA in H2 2025, targeting the
$3.3 billion worldwide therapeutic toxin market.