GenSight Biologics Faces Funding Crunch, Plans Early Access Program for Vision Treatment

June 13, 2025
GenSight Biologics Faces Funding Crunch, Plans Early Access Program for Vision Treatment
  • As of mid-June 2025, GenSight Biologics has 131,466,495 outstanding shares and has acknowledged that its current funds are insufficient to meet operational requirements for the next year.

  • In May 2025, the company received €0.7 million from the Research Tax Credit, with an additional €0.4 million expected in July, but it still needs to extend its cash runway through planned financing initiatives.

  • To support its operations and regulatory milestones, GenSight is implementing a financing strategy that includes preparations for the upcoming AAC program and a global Phase III clinical trial.

  • GenSight has reached an agreement with the French medicines safety agency ANSM to consider opening the early access program for its treatment LUMEVOQ® following the approval of a dose-ranging study.

  • GenSight's CEO, Laurence Rodriguez, highlighted the significance of this agreement, which aims to provide urgent access to LUMEVOQ for patients suffering from Leber Hereditary Optic Neuropathy (LHON).

  • The design for the dose-ranging study has been submitted, with a clinical trial application anticipated in the third quarter of 2025.

  • Key value-creating events on the horizon include the clinical trial application in Q3 2025, the opening of the AAC program in Q4 2025, and the initiation of a global Phase III clinical trial in early H2 2026.

  • GenSight is preparing for regulatory consultations in both the US and EU, planning for the Phase III trial to commence in 2026, and is completing a transition to a new manufacturing partner.

  • The early access program (AAC) for LUMEVOQ® is targeted to open by the fourth quarter of 2025 at the latest.

Summary based on 1 source


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