Genexine Q1 2026: Operating loss of 9.0B KRW, cash decline, pipeline clinical progress


  • Q1 2026 revenue: 0.415B KRW (up from 0.320B YoY), operating loss 9.0B, net loss 12.4B.
  • Cash and cash equivalents: 3.85B (down 58% from 9.15B at end-2025), including short-term financial instruments 8.85B.
  • Debt ratio: 54.65% (vs 50.46% at year-end), borrowings 95.6B, convertible bonds 8.6B.
  • GX-E4 (anemia): Approved in Indonesia and Cambodia, domestic filing expected Q2 2026; phase 3 for dialysis patients ongoing in multiple countries including Europe.
  • GX-I7 (immuno-oncology): Phase 2 completed in recurrent glioblastoma; phase 1b/2 completed in triple-negative breast cancer.
  • GX-188E (HPV DNA vaccine): Final CSR for phase 1b/2 in cervical cancer completed; investigator-initiated phase 2 for head and neck cancer ongoing.
  • GX-H9 (growth hormone): Phase 3 in pediatric patients in China completed; preparing for BLA resubmission.
  • bioPROTAC platform: Early-stage pipeline with 10+ targets identified.
  • Merger with EPD Biotherapeutics provides targeted protein degradation technology.
  • R&D expense: 5.77B (1390% of revenue).
  • No share buyback/cancellation or dividend plans.

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Genexine (095700)
  • Submission: Genexine, Inc.
  • Receipt: 05-14-2026