Recent Updates
Recently added Catalysts
PLRX Positive Sentiment Score: 65/100

Pliant Therapeutics Provides Corporate Update and Reports Third Quarter 2025 Financial Results

Key Takeaway: Pliant Therapeutics provided a corporate update and reported its third quarter 2025 financial results. The company is advancing its oncology program with data expected in the fourth quarter of 2025 and is completing close-out activities for the BEACON-IPF trial. Additionally, Pliant has received regulatory clearance for a Phase 1 study of PLN-101325, targeting muscular dystrophies.

Market Sentiment Analysis

POSITIVE FACTORS

  • Advancement in oncology program with upcoming data expected.
  • Successful close-out activities for the BEACON-IPF trial.
  • Regulatory clearance received for Phase 1 study of PLN-101325.

CONCERNS & RISKS

  • Risks associated with drug development and commercialization.
  • Potential delays in ongoing or planned clinical trials.
  • Reliance on third parties for critical development operations.

Full Press Release Details

Oncology program advancing with data expected in the fourth quarter 2025
BEACON-IPF close out activities to be completed in the fourth quarter 2025
SOUTH SAN FRANCISCO, Calif., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Pliant Therapeutics, Inc. (Nasdaq: PLRX), a clinical-stage biotechnology company focused on the discovery and development of integrin-based therapeutics, today provided a corporate update and reported third quarter 2025 financial results.
“During the third quarter, our team continued to advance our portfolio while winding down activities surrounding the BEACON-IPF trial,” said Bernard Coulie, M.D., Ph.D., President and Chief Executive Officer of Pliant. “Looking ahead, we continue to evaluate a range of opportunities to create shareholder value.”

Third Quarter and Recent Developments

OncologyProgram

Bexotegrast

Corporate Highlights

Third Quarter 2025 Financial Results

About Pliant Therapeutics, Inc.

Pliant Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of integrin-based therapeutics. The Company’s lead program is PLN-101095, a small molecule, dual-selective inhibitor of αvß8and αvß1integrins, that is being developed for the treatment of solid tumors. In addition, Pliant has received regulatory clearance for the conduct of a Phase 1 study of PLN-101325, a monoclonal antibody agonist of integrin α7β1targeting muscular dystrophies. Pliant’s early-stage platform includes preclinical research focused on tissue-specific delivery and internalization of drug payloads utilizing integrin receptor-binding molecules. For additional information, please visit:www.PliantRx.com. Follow us on social mediaX,LinkedInandFacebook.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions, or circumstances) are intended to identify forward-looking statements. These statements include those regarding the close-out of the BEACON-IPF study, the anticipated timing of data from our ongoing Phase 1 trial of PLN-101095, the cost savings expected to result from our strategic restructuring, our ongoing evaluation of business opportunities and our ability to maintain core capabilities in support of Pliant’s next steps. Because such statements deal with future events and are based on our current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Pliant could differ materially from those described in or implied by the statements in this press release. These forward-looking statements are subject to risks and uncertainties, including those related to the development and commercialization of our product candidates, including any delays in our ongoing or planned preclinical or clinical trials, the impact of current macroeconomic, geopolitical and marketplace conditions on our business, operations, clinical supply and plans, our reliance on single-source third parties located in foreign jurisdictions, including China, for critical aspects of our development operations, the risks inherent in the drug development process, the risks regarding the accuracy of our estimates of expenses and timing of development, our capital requirements and the need for additional financing, and our ability to obtain and maintain intellectual property protection for our product candidates. These and additional risks are discussed in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q for the period ended September 30, 2025 which we are filing with the SEC today, available on the SEC's website at www.sec.gov. Unless otherwise noted, Pliant is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.

Investor and Media Contact:Christopher KeenanVice President, Investor Relations and Corporate CommunicationsPliant Therapeutics, Inc.ir@pliantrx.com

Pliant Therapeutics, Inc.Condensed Statements of Operations(Unaudited)(In thousands, except number of shares and per share amounts)
Three Months EndedSeptember 30,
2025 2024
Operating expenses:
Research and development $ (17,938 ) $ (47,754 )
General and administrative (10,331 ) (14,260 )
Total operating expenses (28,269 ) (62,014 )
Loss from operations (28,269 ) (62,014 )
Interest and other income (expense), net 2,783 5,128
Interest expense (815 ) (877 )
Net loss $ (26,301 ) $ (57,763 )
Net loss per share - basic and diluted $ (0.43 ) $ (0.95 )
Shares used in computing net loss per share - basic and diluted 61,406,475 60,730,935
Pliant Therapeutics, Inc.Condensed Balance Sheets(Unaudited)(In thousands)
September 30,2025 December 31,2024
Assets
Current assets
Cash and cash equivalents $ 93,732 $ 71,188
Short-term investments 148,065 284,536
Prepaid expenses and other current assets 3,791 6,540
Total current assets 245,588 362,264
Property and equipment, net 4,344 5,525
Operating lease right-of-use assets 24,794 27,243
Restricted cash 1,482 1,482
Other non-current assets 392 435
Total assets $ 276,600 $ 396,949
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 485 $ 5,960
Accrued research and development 7,779 14,363
Accrued liabilities 8,173 12,353
Operating lease liabilities, current 1,187 542
Total current liabilities 17,624 33,218
Operating lease liabilities, non-current 28,231 29,439
Long-term debt 30,439 30,211
Total liabilities 76,294 92,868
Stockholders’ equity
Preferred stock
Common stock 6 6
Additional paid-in capital 1,036,085 1,013,806
Accumulated deficit (835,819 ) (710,052 )
Accumulated other comprehensive gain 34 321
Total stockholders’ equity 200,306 304,081
Total liabilities and stockholders’ equity $ 276,600 $ 396,949

Frequently Asked Questions

What are the recent developments at Pliant Therapeutics?

Pliant Therapeutics is advancing its oncology program and completing the BEACON-IPF trial close-out.

What is PLN-101325 being developed for?

PLN-101325 is a monoclonal antibody targeting muscular dystrophies.

When can we expect data from Pliant's oncology program?

Data from the oncology program is expected in the fourth quarter of 2025.

What financial results did Pliant report for Q3 2025?

Pliant Therapeutics reported its third quarter 2025 financial results in a recent update.

Last updated: Nov 6, 2025