BeyondSpring Inc. announced its unaudited financial results for the quarter ended March 31, 2025, on May 12, 2025. The company reported on its financial position and provided a corporate update.
A significant financial reporting change was the reclassification of SEED Therapeutics' operations as discontinued operations under U.S. GAAP. This reclassification follows BeyondSpring's definitive agreements in January 2025 to sell a portion of its Series A-1 Preferred Shares of SEED. SEED continues to operate independently, with BeyondSpring retaining approximately 40% of its outstanding equity interest.
This accounting adjustment reflects BeyondSpring's strategic focus on its core Plinabulin pipeline, with SEED's financial results now presented separately. The reclassification provides a clearer financial picture of BeyondSpring's continuing operations.
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