16 December 2025
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
Cyclacel Pharmaceuticals, Inc.
CIK: 1130166•2 Annual Reports•Latest: 2025-04-02
10-K / April 2, 2025
Revenue:$43,000
Income:-$11,200,000
10-K / April 29, 2024
Revenue:$420,000
Income:-$22,555,000
10-K / April 2, 2025
Company Overview: Cyclacel Pharmaceuticals, Inc.
Business Focus:
- Cyclacel Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company specializing in the development of innovative cancer medicines.
- The company's core expertise lies in cell cycle biology, epigenetics, and mitosis biology with the aim of creating therapies that can overcome resistance and increase overall survival rates in cancer patients.
Key Drug Program:
- Lead Candidate: Plogo (formerly CYC140), a PLK1 (polo-like kinase 1) inhibitor.
- Development Stage: Currently in Phase 1/2 clinical trials targeting solid tumors (such as colorectal, breast, esophageal, gastric, ovarian, lung cancers, and lymphomas) and hematological malignancies.
- Mechanism: Plogo is a highly selective, small molecule oral inhibitor targeting PLK1, a key regulator of cell division involved in cancer cell proliferation and DNA damage response.
- Clinical Trial Design: The trial aims to establish the recommended Phase 2 dose, evaluate safety, and gather signals of efficacy across multiple cancer types, including GI cancers, lung, ovarian, and biomarker-defined tumor baskets.
- Formulation: Developing an oral formulation of Plogo with improved bioavailability.
Business Strategy:
- Focus on the continued development of Plogo following strategic reviews and asset liquidation.
- Retain rights to market and develop Plogo; plan to seek partnerships for further development and commercialization.
- External collaborations and licensing are part of the strategy, although the current focus is solely on Plogo.
- The company has retained worldwide rights to Plogo and is exploring strategic alternatives to preserve capital and optimize value.
Company Size and Financials:
- Number of Shares Outstanding (as of March 27, 2025): 207,336,389 shares of common stock.
- Market Capitalization (as of June 30, 2024): Approximately $2.52 million (based on a stock price of $1.62 per share).
- Employees: Not explicitly stated.
- Revenue: No specific revenue figures provided.
- Income: The company has a history of operating losses; as of December 31, 2024, the accumulated deficit is approximately $439.5 million and net loss for 2024 was $11.2 million.
Recent Developments:
- Conducting a liquidation of its wholly owned UK subsidiary, Cyclacel Limited.
- Entered into a securities purchase agreement with investor David Lazar, raising $3.1 million.
- Focused solely on the development of Plogo, with other programs such as fadraciclib being marketed for sale or liquidated.
Scientific and Technical Focus:
- Emphasizes targeted cancer therapy focusing on cell cycle regulation.
- Discovered and developed potent inhibitors of PLK1, a kinase involved in cell division, with data showing high activity against various tumor xenografts.
- Aims for oral, convenient dosing schedules and improved pharmaceutical properties over earlier compounds.
This summary encapsulates Cyclacel's core activities, pipeline, strategic focus, and financial status based solely on provided information.
