Genelux Corporation is a clinical-stage biopharmaceutical company focused on pioneering advanced oncolytic viral immunotherapies for patients confronting aggressive and/or hard-to-treat solid tumor malignancies. Its leading experimental drug, Olvi-Vec, is a proprietary, engineered vaccinia virus strain being developed to address ovarian cancer and non-small cell lung cancer. The company is also advancing V2ACT Immunotherapy for pancreatic cancer, alongside V-VET1 for the treatment of both hematologic and solid cancers. Founded in 2001, Genelux maintains its headquarters in Westlake Village, California.
Genelux Corporation Reports Second Quarter Financial Results and Provides Business Updates
Genelux reported Q2 net loss of $9.5 million, or $0.21 per share, with cash and equivalents of $18.7 million expected to fund operations into Q1 2027.
The company reaffirmed that topline data from the Phase 3 OnPrime/GOG-3076 ovarian cancer trial is anticipated in the second half of 2026.
R&D expenses increased to $6.5 million, driven by costs associated with the ongoing Phase 3 registrational trial.