Septerna moves chronic hives pill toward Phase 2 after Phase 1 study
Septerna (Nasdaq: SEPN) announced its first-quarter 2026 financial results, reporting a narrowed net loss of $8.6 million and $26.5 million in collaboration revenue. The company highlighted positive Phase 1 clinical data for SEP-631, supporting its advancement into Phase 2b for chronic spontaneous urticaria, and the initiation of a Phase 1 trial for SEP-479 for hypoparathyroidism. Septerna projects its $522.1 million cash reserves will fund operations until at least 2029, even as R&D and G&A expenses increased to support pipeline progress.