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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 9, 2025

uniQure N.V.

(Exact Name of Registrant as Specified in Charter)

The Netherlands

  

001-36294

  

N/A

(State or Other
Jurisdiction of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

Paasheuvelweg 25a,
1105 BP Amsterdam, The Netherlands

  

N/A

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: +31-20-566-7394

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

  

Trading Symbol(s)

  

Name of each exchange on which registered:

Ordinary Shares, par value €0.05 per share

QURE

The Nasdaq Stock Market LLC
The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On May 9, 2025, uniQure N.V. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2025 and highlighting Company progress. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

    

Description

99.1

Press Release of uniQure N.V. dated May 9, 2025

104

Cover Page Interactive Data File (embedded with the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

UNIQURE N.V.

 

 

 

 

 

Date: May 9, 2025

By:

/s/ JEANNETTE POTTS

 

 

Jeannette Potts

 

 

Chief Legal and Compliance Officer

EX-99.1 2 qure-20250509xex99d1.htm EX-99.1

Exhibit 99.1

Graphic

uniQure Announces First Quarter 2025 Financial Results and
Highlights of Recent Company Progress

~ AMT-130 granted Breakthrough Therapy designation by FDA~

~ Initial safety data from third cohort of Phase I/II study show AMT-130 continues to be generally well-tolerated,
with no treatment-related serious adverse events ~

~ Held Type B FDA meetings in the first and second quarters of 2025 to advance BLA preparations for AMT-
130; regulatory update expected in the second quarter of 2025 ~

~ AMT-260 clinical data from first patient to be presented at Epilepsy Therapies & Diagnostics Development
Symposium on May 29, 2025 ~

~ Cash, cash equivalents and current investment securities of approximately $409.0 million as of March 31
2025 expected to fund operations into second half of 2027 ~

~ uniQure to host inaugural earnings call at 8:30 a.m. ET ~

Lexington, MA and Amsterdam, the Netherlands, May 9, 2025 — uniQure N.V. (NASDAQ: QURE), a leading gene therapy company advancing transformative therapies for patients with severe medical needs, today reported its financial results for the first quarter of 2025 and highlighted recent progress across its business.

“We continued to have constructive interactions with the U.S. Food and Drug Administration (FDA) in the first  and second quarters of 2025, enabling us to further advance AMT-130 towards a planned Biologics License Application (BLA) submission,” said Matt Kapusta, chief executive officer of uniQure. “The recently granted Breakthrough Therapy designation is a significant milestone and underscores the FDA’s continued engagement with AMT-130 as a potential disease-modifying treatment for Huntington’s disease. We expect to provide a regulatory update in the second quarter, including guidance on the potential timing of our BLA submission for AMT-130, and anticipate sharing new clinical data from our AMT-130 Phase I/II trials in the third quarter. As we prepare for potential commercialization, we remain committed to making financially disciplined investments.”

Mr. Kapusta continued, “In addition to AMT-130, it’s important to highlight the continued progress of our broader pipeline of investigational gene therapies. We look forward to sharing initial data from the first patient treated with AMT-260 for refractory mesial temporal lobe epilepsy later this quarter, and we remain on track to present initial data from our AMT-191 study in Fabry disease in the second half of the year. With our strong financial position, we believe that we are well-resourced to execute across our pipeline and deliver meaningful value to patients and shareholders alike.”

Recent Company Developments and Updates

Advancing AMT-130 Toward Accelerated Approval for Huntington’s disease

In April 2025, the FDA granted Breakthrough Therapy designation to AMT-130 based on clinical evidence from Phase I/II trials showing the potential for slowing progression of Huntington’s disease. The designation followed a November 2024 multidisciplinary meeting with the FDA


during which key elements of an Accelerated Approval pathway for AMT-130 were discussed and aligned.

In March 2025, the Company held a Type B meeting with the FDA to discuss CMC requirements in support of a planned BLA submission. An additional Type B meeting focused on the pivotal statistical analysis plan was held in the second quarter of 2025. The Company expects to provide a regulatory update, including the potential timing of a BLA submission, after the receipt of official meeting minutes.
In February 2025, the Company completed enrollment of all 12 patients in the third cohort of the Phase I/II study. Patients were blinded and randomized to receive either the high (n=6) or low dose (n=6) of AMT-130 in conjunction with an immunosuppression regimen.

Key observations include:

-

AMT-130 was generally well-tolerated at both dose levels;

-

No treatment-related serious adverse events were reported;

-

Three serious adverse events related to immunosuppression (mania, infection, and fever) were observed; all resolved fully with supportive care and;

-

Perioperative changes in CSF NfL were consistent with previously reported observations, reinforcing their association with the surgical administration.

The Company plans to review these data with outside advisors and does not anticipate any impact on the potential timing of a BLA submission.

In the third quarter of 2025, the Company expects to present data from its ongoing Phase I/II studies of AMT-130 in support of a potential BLA submission.  The update will include follow-up data on all patients treated with AMT-130 in the first two cohorts, including three years of follow-up data on 24 treated patients.
Advancing additional clinical programs to proof-of-concept
AMT-260 for the treatment of refractory mesial temporal lobe epilepsy (mTLE) – The Company continues to screen patients across 12 clinical sites, with plans to activate additional centers in the second half of the year. The Company expects to present initial safety and exploratory efficacy data from the first treated patient at the Epilepsy Therapies & Diagnostics Development Symposium on Thursday, May 29, 2025.
AMT-191 for the treatment of Fabry disease – In February 2025, the Company announced a favorable recommendation from the independent data monitoring committee (IDMC) following a review of safety data from the first two patients treated in the Phase I/IIa study. The Company has treated a total of four patients in the first dose cohort. The Company plans to present initial data from the study in the second half of 2025.
AMT-162 for the treatment of SOD1 amyotrophic lateral sclerosis (ALS) – In January 2025, the Company announced a favorable recommendation from the IDMC based on the review of initial safety data from the first study cohort in the Phase I/II EPISOD1 study. The Company has completed enrollment in a second dose cohort and expects to initiate enrollment in the third dose


cohort in the third quarter of 2025. The Company expects to present initial data from the study in the first half of 2026.

Strong financial position
In the first quarter of 2025, the Company completed a public offering of 5.1 million ordinary shares, including the full exercise of the underwriters’ overallotment option, at a public offering price of $17.00 per share for net proceeds of approximately $80.5 million after deducting underwriting discounts and commissions and offering expenses.

Financial Highlights

Cash position: As of March 31, 2025, the Company held cash, cash equivalents and current investment securities of $409.0 million, compared to $367.5 million as of December 31, 2024. The increase in cash was primarily related to net proceeds of $80.5 million from the follow-on offering in January and February 2025. Based on the Company’s current operating plan, including the planned U.S. launch of AMT-130, the Company expects cash, cash equivalents and current investment securities will be sufficient to fund operations into the second half of 2027.

Revenues: Revenue for the three months ended March 31, 2025 was $1.6 million, compared to $8.5 million in the same period in 2024. The decrease of $6.9 million in revenue resulted from a $0.4 million increase in license revenue, a decrease of $3.3 million from collaboration revenue, and a decrease of $4.0 million from contract manufacturing of HEMGENIX® for CSL Behring. Following the divestment of the Lexington facility in July 2024, revenue from contract manufacturing is recorded net of cost within other expenses.

Cost of contract manufacturing revenues: Cost of contract manufacturing revenues were nil for the three months ended March 31, 2025, compared to $9.1 million for the same period in 2024. Following the divestment of the Lexington facility in July 2024, cost of contract manufacturing is recorded net of revenue within other expenses.

R&D expenses: Research and development expenses were $36.1 million for the three months ended March 31, 2025, compared to $40.7 million during the same period in 2024. The $4.6 million decrease was related to a decrease of $7.7 million in employee-related expenses, a decrease of $2.5 million in facility expenses and a $1.1 million decrease in costs related to preclinical supplies. This was offset by a net increase of $7.1 million in external program spend and $1.1 million higher expenses related to an increase in the fair value of contingent consideration.

SG&A expenses: Selling, general and administrative expenses were $10.9 million for the three months ended March 31, 2025, compared to $13.9 million during the same period in 2024. The $3.0 million decrease was primarily related to a $2.2 million decrease in employee-related expenses and a $0.3 million decrease in intellectual property fees compared to the prior year period.

Other income: Other income was $8.3 million for the three months ended March 31, 2025, compared to $1.4 million during the same period in 2024. The increase was primarily related to a one-time gain of $6.0 million related to the sale of critical reagents.

Other expense: Other expense was $2.0 million for the three months ended March 31, 2025, compared to $0.2 million during the same period in 2024. The increase was primarily related to $1.4 million of non-cash expense recognized to amortize the right to purchase HEMGENIX® from Genezen on favorable terms.


Other non-operating items, net: Other non-operating items, net was an expense of $3.8 million for the three months ended March 31, 2025, compared to an expense of $10.7 million for the same period in 2024. The $6.9 million decrease in other non-operating items, net was primarily related to a decrease in interest income of $2.4 million, a reduction of interest expense of $1.0 million due to the $50.0 million repayment of Hercules debt in July 2024, and an increase in net foreign currency gains of $8.3 million.

Net loss: The net loss for the three months ending March 31, 2025, was $43.6 million, or $0.82 basic and diluted loss per ordinary share, compared to a $65.6 million net loss for the same period in 2024, or $1.36 basic and diluted loss per ordinary share.

Investor Conference Call and Webcast Information

uniQure management will host an investor conference call and webcast today, Friday, May 9 at 8:30 a.m. ET. The event will be webcast under the Events & Presentations section of uniQure’s website at https://www.uniqure.com/investors-media/events-presentations, and following the event a replay will be archived for 90 days.  Interested parties participating by phone will need to register using this online form. After registering for dial-in details, all phone participants will receive an auto-generated e-mail containing a link to the dial-in number along with a personal PIN number to use to access the event by phone.  If you are joining the conference call, please dial in 15 minutes before the start time.

About uniQure

uniQure is delivering on the promise of gene therapy – single treatments with potentially curative results. The approvals of uniQure’s gene therapy for hemophilia B – an historic achievement based on more than a decade of research and clinical development – represent a major milestone in the field of genomic medicine and ushers in a new treatment approach for patients living with hemophilia. uniQure is now advancing a pipeline of proprietary gene therapies for the treatment of patients with Huntington's disease, refractory temporal lobe epilepsy, ALS, Fabry disease, and other severe diseases. www.uniQure.com

uniQure Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as “anticipate,” “believe,” “could,” “establish,” “estimate,” “expect,” “goal,” “intend,” “look forward to”, “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” and similar expressions. Forward-looking statements are based on management's beliefs and assumptions and on information available to management only as of the date of this press release. Examples of these forward-looking statements include, but are not limited to, statements concerning the Company’s cash runway and its ability to fund its operations into the second half of 2027; the outcome of regulatory interactions with respect to the AMT-130 program, FDA’s support for the program and the Company’s plans to provide further regulatory updates, including timing of its planned BLA submission; whether AMT-130 continues to be well tolerated when dosed with immunosuppression and the Company’s review of data from the third cohort of AMT-130; the Company’s commercialization plans; and the Company’s plans for further clinical updates and plans to announce additional interim data in its AMT-130, AMT-260, AMT-191 and AMT-162 programs. The Company’s actual results could differ materially from those anticipated in these forward-looking statements for many reasons. These risks and uncertainties include, among others: risks associated with the clinical results and the development and timing of the Company’s programs; the Company’s interactions with regulatory authorities, which may affect the initiation, timing and progress of clinical trials and pathways to regulatory approval; the Company’s ability to continue to build and maintain the Company infrastructure and personnel needed to achieve its goals; the Company’s effectiveness in managing current and future clinical trials and regulatory processes; the continued development and acceptance of gene therapies; the Company’s ability to demonstrate the therapeutic benefits of its gene therapy candidates in clinical trials; the Company’s ability to obtain, maintain and protect intellectual property; and the Company’s ability to fund its operations and to raise additional capital as needed.


These risks and uncertainties are more fully described under the heading “Risk Factors” in the Company’s periodic filings with the U.S. Securities & Exchange Commission (“SEC”), including its Annual Report on Form 10-K filed with the SEC on February 27, 2025 and in other filings that the Company makes with the SEC from time to time. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements, and the Company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.

uniQure Contacts:

FOR INVESTORS:FOR MEDIA:

Chiara RussoTom Malone

Direct: 617-306-9137Direct: 339-970-7558

Mobile: 617-306-9137 Mobile:339-223-8541

c.russo@uniQure.comt.malone@uniQure.com


uniQure N.V.

UNAUDITED CONSOLIDATED BALANCE SHEETS

    

March 31,

    

December 31,

2025

2024

 

(in thousands, except share and per share amounts)

Current assets

 

  

 

  

Cash and cash equivalents

$

217,229

$

158,930

Current investment securities

 

191,782

 

208,591

Accounts receivable

 

2,522

 

5,881

Prepaid expenses

 

13,420

 

9,281

Other current assets and receivables

 

10,468

 

7,606

Total current assets

 

435,421

 

390,289

Non-current assets

 

  

 

  

Property, plant and equipment, net

 

18,081

 

20,424

Other investments

 

28,273

 

27,464

Operating lease right-of-use assets

 

13,466

 

13,647

Intangible assets, net

 

71,992

 

71,043

Goodwill

 

23,351

 

22,414

Deferred tax assets, net

 

9,390

 

9,856

Other non-current assets

 

5,429

 

1,399

Total non-current assets

 

169,982

 

166,247

Total assets

$

605,403

$

556,536

Current liabilities

 

  

 

  

Accounts payable

$

5,268

$

7,227

Accrued expenses and other current liabilities

 

27,344

 

29,225

Current portion of operating lease liabilities

 

3,698

 

3,601

Total current liabilities

 

36,310

 

40,053

Non-current liabilities

 

  

 

  

Long-term debt

 

51,592

 

51,324

Liability from royalty financing agreement

 

446,660

 

434,930

Operating lease liabilities, net of current portion

 

10,906

 

11,136

Contingent consideration, net of current portion

 

12,560

 

10,860

Deferred tax liability, net

 

7,338

 

7,043

Other non-current liabilities

 

6,351

 

7,942

Total non-current liabilities

 

535,407

 

523,235

Total liabilities

 

571,717

 

563,288

Shareholders' equity / (deficit)

 

  

 

  

Total shareholders' equity / (deficit)

 

33,686

 

(6,752)

Total liabilities and shareholders' equity / (deficit)

$

605,403

$

556,536


uniQure N.V.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

    

Three months ended March 31,

2025

2024

(in thousands, except share and per share amounts)

Total revenues

$

1,567

$

8,485

Operating expenses:

 

  

 

  

Cost of license revenues

 

(197)

 

(150)

Cost of contract manufacturing revenues

 

 

(9,076)

Research and development expenses

 

(36,140)

 

(40,692)

Selling, general and administrative expenses

 

(10,908)

 

(13,937)

Total operating expenses

 

(47,245)

 

(63,855)

Other income

 

8,306

 

1,376

Other expense

 

(1,959)

 

(234)

Loss from operations

 

(39,331)

 

(54,228)

Non-operating items, net

 

(3,810)

 

(10,734)

Loss before income tax expense

$

(43,141)

$

(64,962)

Income tax expense

 

(496)

 

(656)

Net loss

$

(43,637)

$

(65,618)

Basic and diluted net loss per ordinary share

$

(0.82)

$

(1.36)

Weighted average shares used in computing basic and diluted net loss per ordinary share

 

53,110,580

 

48,384,510