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Dave Thornton

Partner

Meridian BioSciences

Needs attention

Clinical-stage biotech developing an oral therapy for chronic inflammatory disease, currently in Phase II.

BiotechSeries CSwitzerlandInvested Dec 3, 2019Lead: Jerry

Next board meeting

Tue, August 25

in 4 weeks

Status rationale: A competing therapy received fast-track designation, and the Phase II timeline slipped a quarter on recruitment.Updated Jul 27, 2026

ARR

£0.0m

Budget: £0.0m0%

ARR Growth

0.0%

Budget: 0.0%0%

Cash Balance

£38.4m

Budget: £41.0m-6%

Cash below plan

Net Burn

£2.9m

Budget: £2.6m+12%

Burn above plan

Runway

13.2 mo

Budget: 15.8 mo-16%

Runway behind plan

Gross Margin

0.0%

Budget: 0.0%0%

Net Revenue Retention

0.0%

Budget: 0.0%0%

Churn

0.0%

Budget: 0.0%0%

Pipeline Value

£0.0m

Budget: £0.0m0%

ARR Trend (last 5 quarters)

  • £0.0m
    Q2 25
  • £0.0m
    Q3 25
  • £0.0m
    Q4 25
  • £0.0m
    Q1 26
  • £0.0m
    Q2 26

Metrics

Actuals vs plan, with extraction confidence.

Metrics
MetricValuevs. planConfidence
ARR£0.0mOn plan
60%
ARR Growth0.0%On plan
60%
Cash Balance£38.4mOff plan
95%
Net Burn£2.9mOff plan
84%
Runway13.2 moOff plan
70%
Gross Margin0.0%On plan
30%
Net Revenue Retention0.0%On plan
30%
Churn0.0%On plan
30%
Pipeline Value£0.0mOn plan
30%