| Annual · values | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Cash Flow | -51.21 M USD | -23.61 M USD | -47.74 M USD |
| Depreciation & Amortization | 704000 USD | 660000 USD | 720000 USD |
| Stock-Based Compensation | 3.73 M USD | 6.73 M USD | 5.40 M USD |
| Capital Expenditures | 434000 USD | 750000 USD | 81000 USD |
| Cash Flow from Investing | 9.82 M USD | -3.45 M USD | 74.98 M USD |
| Cash Flow from Financing | 1.09 M USD | 227000 USD | 45000 USD |
| Dividends Paid | — | — | — |
| Stock Buybacks | — | — | — |
| Free Cash Flow | -51.64 M USD | -24.36 M USD | -47.82 M USD |
Connect Biopharma Holdings Ltd. is a global clinical-stage biopharmaceutical company focused on developing innovative therapies for T cell-driven inflammatory diseases. Headquartered in San Diego, California with operations in the United States and China, the company builds a pipeline of proprietary small molecules and antibodies using functional T cell assays to identify and validate therapeutic targets. Its lead product candidate, rademikibart, is an antibody targeting interleukin-4 receptor alpha currently in Phase 3 clinical development for atopic dermatitis and asthma. The company's second product candidate, icanbelimod, is an oral small molecule modulator of Sphingosine 1-Phosphate Receptor 1 in Phase 2 development for ulcerative colitis and Crohn's disease. Connect Biopharma aims to improve treatment outcomes for patients with chronic inflammatory conditions by leveraging advanced immunological research and targeted drug development strategies.