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Lisata Therapeutics Inc

lisata.com

What Do They Do?

Develops certepetide, an investigational drug intended to help other cancer therapies reach solid tumors, for patients with solid tumors.

How Do They Make Money?

Lisata earns money by licensing certepetide: partners may pay upfront fees, development and commercial milestone payments, and royalties on licensed product sales. A distinct license’s nonrefundable upfront fee is earned when the licensee can use and benefit from it.

FY2024 revenue

Who Are Their Customers?

Lisata pursues licenses and collaborations with drug developers and academic trial sponsors. Qilu held an exclusive license to develop and commercialize certepetide in Greater China.

Do Revenues Turn Into Profits?

No. It lost $16.6M in FY2024.

Operating income, FY2024
−9105% of revenue
▼ −19% (Loss) vs FY2023 (−$22.4M, −2241%)
Net income, FY2024
−8293% of revenue
▼ −17% (Loss) vs FY2023 (−$20M, −1999%)
Free cash flow, FY2024
−7989% of revenue
▼ −17% (Loss) vs FY2023 (−$19.4M, −1936%)

How Are They Changing?

Since the FY2024 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −100%
vs $70K in Q2 FY2025
Net income
▼ −37% (Loss)
vs −$4.7M in Q2 FY2025
  • Aug 4, 2026 Lisata reduced its workforce and sued Kuva over the merger agreement Lisata approved a workforce reduction while pursuing strategic options and sued Kuva, seeking damages for stockholders’ expected benefits from the transaction.
  • Jul 24, 2026 Lisata terminated its merger agreement with Kuva after the tender offer failed Kuva did not accept tendered shares after failing to obtain sufficient financing; Lisata said Kuva owed a termination fee and planned a strategic-options review.

From cell therapy to cancer drug development The older report described cell-based treatments for ischemic diseases, including heart, limb and kidney conditions. The latest report centers on certepetide, intended to help other anti-cancer drugs penetrate solid tumors.

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