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Spero Therapeutics Announces First Quarter 2025 Operating Results and Provides a Business Update Pre-specified interim analysis of the ongoing Phase 3 PIVOT-PO clinical trial of tebipenem HBr in complicated urinary tract

Key Takeaway: Spero Therapeutics announced its first quarter 2025 operating results and provided an update on its clinical program for tebipenem HBr. The company highlighted the upcoming interim analysis of the PIVOT-PO trial, which aims to address the unmet need for treatments of complicated urinary tract infections. Despite reporting a net loss and ongoing financial challenges, Spero remains optimistic about the potential of tebipenem HBr to improve patient outcomes if approved. The company's reliance on GSK for commercialization poses additional risks to its operational strategy.

Market Sentiment Analysis

POSITIVE FACTORS

  • Spero is focused on addressing the unmet need for oral carbapenem options for complicated urinary tract infections.
  • Completion of the pre-specified interim analysis of the PIVOT-PO trial is anticipated in the second quarter.
  • If approved, tebipenem HBr could significantly improve patient outcomes and reduce hospital stays.

CONCERNS & RISKS

  • The company reported a net loss of $13,866, indicating ongoing financial challenges.
  • Potential regulatory delays and challenges in the clinical trial could impact the approval process for tebipenem HBr.
  • Reliance on GSK for the development and commercialization of tebipenem HBr poses a risk to Spero's future.

Full Press Release Details

Spero Therapeutics Announces First Quarter 2025 Operating Results and Provides a Business Update
CAMBRIDGE, Mass., May 13, 2025 Spero
Therapeutics, Inc. (Nasdaq: SPRO), a clinical-stage biopharmaceutical company, focused on identifying and developing novel treatments for rare diseases and multi-drug resistant (MDR) bacterial infections, today announced financial results
for the first quarter ended March 31, 2025, and provided a business update.
At Spero, our top priority remains the successful execution of the
tebipenem HBr clinical program as we prepare for the pre-specified interim analysis of the PIVOT-PO trial during the second quarter, said Esther Rajavelu,
President and Chief Executive Officer. We are developing tebipenem HBr to address the significant unmet need for an oral carbapenem option in the treatment of complicated urinary tract infections. We believe that, if approved, tebipenem HBr
could deliver meaningful clinical and economic benefits, by improving patient outcomes and reducing the need for hospital stays.
investigational oral carbapenem antibiotic being developed for the treatment of cUTI, including AP, to help patients potentially reduce duration of in-patient therapy. Spero granted GSK an exclusive license to
commercialize tebipenem HBr in all territories, except certain Asian territories where Meiji holds development and commercialization rights.
SPR720 is an investigational, chemically stable phosphate ester prodrug that is converted rapidly in vivo to SPR719, the active moiety, after oral
administration. SPR719 targets the ATPase site of DNA gyrase B in mycobacteria, a mechanism that is distinct from that of other antibiotics in use for NTM-PD.
First Quarter 2025 Financial Results
For further details on Spero s financials, refer to Spero s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission (SEC) today.
Government Agency Research Support
The views expressed in this press release are those of the authors and may not reflect the official policy or position of the Department of the Army,
Department of Defense, or the U.S. Government.
Tebipenem HBr Research Support
Select tebipenem HBr studies have been funded in part with federal funds from the Department of Health and Human Services; Administration for Strategic
Preparedness and Response; and Biomedical Advanced Research and Development Authority, under contract number HHSO100201800015C.
Spero Therapeutics, headquartered in Cambridge, Massachusetts, is a clinical-stage biopharmaceutical company focused on identifying and
developing novel treatments for rare diseases and MDR bacterial infections with high unmet need. For more information, visit www.sperotherapeutics.com
Forward Looking Statements
This press release may
contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements regarding the timing, progress and results of Spero s preclinical studies,
clinical trials and research and development programs; Spero s strategy, goals and anticipated financial performance, milestones, business plans and focus; and Spero s cash runway. In some cases, forward-looking statements may be
identified by terms such as may, will, should, expect, plan, aim, anticipate, could, intent, target, project,
contemplate, believe, estimate, predict, potential or continue, the negative of these terms or other similar expressions. Any forward-looking statements in this press release
are based on management s current expectations and beliefs and are subject to a number of important risks, uncertainties and other factors that may cause actual results to differ materially from those indicated by such forward looking
statements, including statements related to tebipenem HBr s future clinical development process, taking into account the effects of possible regulatory delays, slower than anticipated patient enrollment, manufacturing challenges, clinical trial
design and clinical outcomes; whether the results of such trials will warrant submission for approval from the U.S. Food and Drug Administration (FDA) or equivalent foreign regulatory agencies; whether the FDA will ultimately approve tebipenem HBr
and, if so, the timing of any such approval; whether the FDA will require any additional clinical data or place labeling restrictions on the use of tebipenem HBr that would delay approval and/or reduce the commercial prospects of tebipenem HBr;
whether a successful commercial launch can be achieved and market acceptance of tebipenem HBr can be established; whether results obtained in preclinical studies and clinical trials will be indicative of results obtained in future clinical trials;
Spero s reliance on third parties to manufacture, develop, and commercialize its product candidates, if approved, including, in the case of tebipenem HBr, Spero s reliance on GSK pursuant to the Exclusive License Agreement to develop
and GSK s right thereunder to determine, in its sole discretion, whether to continue the PIVOT-PO trial or otherwise further develop tebipenem HBr;
Spero s need for additional funding; the ability to commercialize Spero s product candidates, if approved; Spero s ability to retain key personnel; Spero s leadership transitions; whether Spero s cash resources will be
sufficient to fund its continuing operations for the periods and/or trials anticipated; and other factors discussed in the Risk Factors set forth in filings that Spero periodically makes with the SEC. The forward-looking statements
included in this press release represent Spero s views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date. Except as required by law, Spero explicitly disclaims any obligation to update
any forward-looking statements.
Investor Relations Contact:
Spero Therapeutics, Inc.
Condensed Consolidated Balance Sheet Data
March 31, 2025 December 31, 2024
Cash and cash equivalents $ 48,887 $ 52,889
Other assets 28,822 57,654
Total assets $ 77,709 $ 110,543
Total liabilities 43,895 64,420
Total stockholder s equity 33,814 46,123
Total liabilities and stockholders equity $ 77,709 $ 110,543
Spero Therapeutics, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
Three Months Ended March 31,
2025 2024
Revenues:
Grant revenue $ 763 $ 5,063
Collaboration revenue - related party 5,099 4,064
Collaboration revenue 12 140
Total revenues 5,874 9,267
Operating expenses:
Research and development 13,606 17,332
General and administrative 6,824 5,917
Restructuring 175
Total operating expenses 20,605 23,249
Loss from operations (14,731 ) (13,982 )
Other income (expense) 865 1,313
Net loss $ (13,866 ) $ (12,669 )
Net loss per share attributable to common shareholders per share, basic and diluted $ (0.25 ) $ (0.24 )
Weighted average shares outstanding, basic and diluted: 55,376,188 53,524,037

Frequently Asked Questions

What is Spero Therapeutics focused on?

Spero Therapeutics specializes in developing treatments for rare diseases and MDR bacterial infections.

What is tebipenem HBr being developed for?

Tebipenem HBr aims to treat complicated urinary tract infections with a potential oral carbapenem option.

What was Spero's net loss in Q1 2025?

Spero reported a net loss of $13,866,000 for the first quarter of 2025.

How much cash did Spero have by March 31, 2025?

Spero Therapeutics had $48,887,000 in cash and cash equivalents as of March 31, 2025.

Who is Spero's partner for tebipenem HBr commercialization?

Spero granted GSK an exclusive license to commercialize tebipenem HBr globally, except in certain Asian territories.

Last updated: May 13, 2025