Upstream Bio Reports $39.7 Million Q2 Net Loss as Trials Advance
Upstream Bio said it remains on track to initiate Phase 3 trials in severe asthma and CRSwNP in Q1 2027. The company posted a $39.7 million Q2 net loss, with general and administrative expenses of $7.1 million versus $7.4 million a year earlier. The CMO sold shares, and multiple large institutional holders trimmed or removed positions in recent quarters.