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- **Clinical Trial Progress**: Phase II COVID studies expected to report by year-end 2025; bird flu trial deferred but ready for quick启动.
- **Financial Highlights**: Reduced expenses (R&D -42.5%, G&A -15% YoY), net loss of $0.9M due to one-time charge.
- **Market Potential**: $1.5B for COVID drug in underserved patients; bird flu preparedness with BARDA discussions.

**【CEO Summary Section】**
- **COVID Program Reprioritization**: Submitted Phase II studies for ratutrelvir in COVID patients, targeting results by year-end 2025. Planning a single-arm study for PAXLOVID-ineligible patients, a $1.5B market opportunity.
- **Influenza Program Updates**: Deferred bird flu Phase II study due to low incidence but secured regulatory approvals in Australia and South Korea for rapid initiation. Engaging with BARDA for tivoxavir marboxil stockpiling.
- **Legacy Assets**: Rigosertib shows 80% response rate in RDEB SCC, seeking partnerships.

**【CFO Financial Commentary】**
- **Cash Position**: $13.1M as of Q2 2025, down from $21.3M in Q4 2024.
- **Revenue and Expenses**: $2.7M revenue (vs. $57K), R&D down 42.5% YoY to $2.3M, G&A down 15% YoY to $1.7M.
- **Net Loss**: $0.9M (vs. $123.1M in Q2 2024, driven by one-time R&D charge).

Traws Pharma, Inc. (TRAW) Q2 2025 Earnings Call Transcript

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