Jade Biosciences Advances Autoimmune Therapies
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Jade Biosciences, Inc. reported a Q3 net loss of $25.2 million, attributed to increased R&D expenses. The company bolstered its financial position with a $135 million private placement, resulting in a cash position of $325.6 million. Significant progress was made in its clinical pipeline, with promising data for JADE101 and the introduction of JADE201. JADE101 is in Phase 1 trials, and JADE201 will begin trials in 2026. The company is optimistic about future growth in the autoimmune disease treatment market.
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