Form 8-K
8-K — Unicycive Therapeutics, Inc.
Accession: 0001213900-26-035961
Filed: 2026-03-30
Period: 2026-03-30
CIK: 0001766140
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — ea0283942-8k_unicycive.htm (Primary)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
March 30, 2026
Unicycive Therapeutics, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-40582
81-3638692
(State or other jurisdiction of
(Commission File Number)
IRS Employer
incorporation or organization)
Identification No.)
1975 W. El Camino Real, Suite 204
Mountain View, CA 94040
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (650) 351-4495
(Former name or former address, if changed since
last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock
UNCY
Nasdaq Capital Market
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:
☐ Written
communication 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))
Indicate
by check mark whether the registrant is an emerging growth company as defined in 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 Conditions.
On March 30, 2026, Unicycive Therapeutics, Inc.
issued a press release announcing its financial results for the full year ended December 31, 2025 and provided a business update. A copy
of the press release is furnished as Exhibit 99.1 to this Form 8-K.
The information disclosed under this Item 2.02,
including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, as amended, except as expressly set forth in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
99.1
Press Release of Unicycive Therapeutics, Inc. dated March 30, 2026.
104
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1
SIGNATURE
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 hereunto duly authorized.
Dated: March 30, 2026
UNICYCIVE THERAPEUTICS, INC.
By:
/s/ Shalabh Gupta
Shalabh Gupta
Chief Executive Officer
2
EX-99.1 — PRESS RELEASE OF UNICYCIVE THERAPEUTICS, INC. DATED MARCH 30, 2026
EX-99.1
Filename: ea028394201ex99-1.htm · Sequence: 2
Exhibit 99.1
Unicycive
Therapeutics Announces Full Year 2025 Financial Results and Provides Business Update
- Oxylanthanum carbonate (OLC) New Drug Application (NDA) resubmission under review by U.S. Food and Drug
Administration (FDA) with a Prescription Drug User Fee Act (PDUFA) target action date of June 29, 2026
- Commercial readiness activities ongoing in anticipation of potential commercial launch of OLC in 3Q26
- As of March 30, 2026 unaudited cash, cash equivalents, and marketable securities totaled $54.9 million,
with expected runway into 2027
LOS ALTOS, Calif., March 30, 2026 -- Unicycive
Therapeutics, Inc. (Nasdaq: UNCY), a clinical-stage biotechnology company developing therapies for patients with kidney disease,
today announced its financial results for the full year ended December 31, 2025, and provided a business update.
“This year is shaping up to be pivotal for
Unicycive, underscored by the U.S. Food and Drug Administration’s acceptance of our New Drug Application resubmission for OLC and
the potential for approval and launch later this year,” said Shalabh Gupta, M.D., Chief Executive Officer of Unicycive. “With
hyperphosphatemia still uncontrolled in nearly 75% of U.S. patients with chronic kidney disease undergoing dialysis, OLC, if approved,
has the potential to offer a meaningful new treatment option characterized by a differentiated clinical profile and reduced pill burden
compared to currently available phosphate binders.”
Key Highlights & Upcoming Milestones
● In January 2026, the Company announced the FDA has accepted the resubmission of its NDA for OLC, an investigational oral phosphate
binder for the treatment of hyperphosphatemia in patients with CKD on dialysis. The FDA set a PDUFA target action date of June 29, 2026.
The NDA is supported by data from three clinical studies (a Phase 1 study in healthy volunteers, a bioequivalence study in healthy volunteers
and a tolerability study in patients with CKD on dialysis), multiple preclinical studies and chemistry, manufacturing and controls (CMC)
data. The FDA did not raise any concerns regarding the preclinical, clinical or safety data for OLC included in the original NDA submission.
The resubmission in December 2025 was based on the progress made by the third-party manufacturing vendor responsible for the drug product
(Drug Product).
● As part of Unicycive’s continued preparation to support a potential launch of OLC later this year, the Company is continuing
to strengthen its commercial infrastructure and advance market readiness initiatives.
Financial Results for the Year Ended December
31, 2025
Research and Development (R&D) expenses were
$9.1 million for the year ended December 31, 2025, compared to $20.0 million for the same period in 2024. The decrease in research and
development expenses was primarily due to a decrease in drug development as well as clinical trial costs.
General and Administrative (G&A) expenses
were $20.4 million for the year ended December 31, 2025, compared to $12.1 million for the same period in 2024. The increase was primarily
due to an increase in consulting, professional services, and commercial launch preparation costs.
Other income was $3.0 million for the year ended
December 31, 2025 compared to Other expense of $4.6 million in the same period in 2024 due primarily to a decrease in the fair value of
the Company’s warrant liability.
Net loss attributable to common stockholders for
the year ended December 31, 2025 was $26.6 million, or $1.67 per share of common stock, compared to a net loss attributable to common
stockholders of $37.8 million, or $5.65 per share of common stock for the same period in 2024. The decreased net loss for the year ended
December 31, 2025, was attributable primarily to the decrease in drug development and clinical trial costs.
As of March 30, 2026 unaudited cash, cash equivalents,
and marketable securities totaled $54.9 million. The Company believes that it has sufficient resources to fund planned operations into
2027.
About Unicycive Therapeutics
Unicycive Therapeutics is a biotechnology company
developing novel treatments for kidney diseases. Unicycive’s lead investigational treatment is oxylanthanum carbonate, a novel phosphate
binding agent currently under review by the U.S. Food and Drug Administration (FDA) for the treatment of hyperphosphatemia in patients
with chronic kidney disease who are on dialysis. Unicycive’s second investigational treatment UNI-494 is intended for the treatment
of conditions related to acute kidney injury. It has been granted orphan drug designation (ODD) by the FDA for the prevention of Delayed
Graft Function (DGF) in kidney transplant patients and has completed a Phase 1 dose-ranging safety study in healthy volunteers. For more
information, please visit Unicycive.com and follow us on LinkedIn and X.
Forward-looking statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements may be identified using words such as “anticipate,” “believe,” “forecast,” “estimated”
and “intend” or other similar terms or expressions that concern Unicycive’s expectations, strategy, plans or intentions. These
forward-looking statements are based on Unicycive’s current expectations and actual results could differ materially. There are several
factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include,
but are not limited to, clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies
and trials may not be predictive of future trial results; our clinical trials may be suspended or discontinued due to unexpected side
effects or other safety risks that could preclude approval of our product candidates; our dependence on third parties for manufacturing;
risks related to business interruptions, which could seriously harm our financial condition and increase our costs and expenses; dependence
on key personnel; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; market acceptance
of our products; and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. Actual results
may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the
uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in
Unicycive’s Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities
and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Unicycive
specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or
otherwise.
Investor Contacts:
Kevin Gardner
LifeSci Advisors
kgardner@lifesciadvisors.com
Media Contact:
Layne Litsinger
Real Chemistry
llitsinger@realchemistry.com
SOURCE: Unicycive Therapeutics, Inc.
2
Unicycive
Therapeutics, Inc.
Balance Sheets
(in thousands, except for share and per share amounts)
As of
As of
December 31,
December 31,
2024
2025
Assets
Current assets:
Cash
$ 26,142
$ 29,198
Prepaid expenses and other current assets
4,806
7,692
Marketable securities
-
12,071
Total current assets
30,948
48,961
Right of use asset, net
645
108
Property and equipment, net
75
66
Total assets
$ 31,668
$ 49,135
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
$ 1,058
$ 383
Accrued liabilities
3,562
1,523
Warrant liability
18,936
16,915
Operating lease liability - current
564
117
Total current liabilities
24,120
18,938
Operating lease liability - long term
117
-
Total liabilities
24,237
18,938
Commitments and contingencies
Stockholders’ equity:
Series A-2 Prime preferred stock, $0.001 par value per share - 21,388.01 Series A-2 Prime shares authorized at December 31, 2024, and December 31, 2025; 6,150.21 and 2,265 Series A-2 Prime shares issued and outstanding at December 31, 2024, and December 31, 2025, respectively
-
-
Series B-2 preferred stock, $0.001 par value per share - 50,000 Series B-2 shares authorized at December 31, 2024, and December 31, 2025; 3,000 and zero Series B-2 shares issued and outstanding at December 31, 2024, and December 31, 2025, respectively
-
-
Preferred stock, $0.001 par value per share- 10,000,000 shares authorized at December 31, 2024, and December 30, 2025; zero shares issued and outstanding at December 31, 2024, and December 31, 2025
-
-
Common stock, $0.001 par value per share - 400,000,000 shares authorized at December 31, 2024, and December 31, 2025; 11,384,236 and 22,114,245 shares issued and outstanding at December 31, 2024, and December 31, 2025, respectively
11
22
Accumulated other comprehensive loss
-
(1 )
Additional paid-in capital
108,690
158,001
Accumulated deficit
(101,270 )
(127,825 )
Total stockholders’ equity
7,431
30,197
Total liabilities and stockholders’ equity
$ 31,668
$ 49,135
3
Unicycive
Therapeutics, Inc.
Statements of Operations
(in thousands, except for share and per share amounts)
Year Ended
Year Ended
December 31,
December 31,
2024
2025
Operating expenses:
Research and development
$ 20,014
$ 9,121
General and administrative
12,103
20,396
Total operating expenses
32,117
29,517
Loss from operations
(32,117 )
(29,517 )
Other income (expenses):
Interest income
1,261
1,012
Interest expense
(71 )
(71 )
Change in fair value of warrant liability
(5,802 )
2,021
Total other income (expenses)
(4,612 )
2,962
Net loss
(36,729 )
(26,555 )
Other comprehensive loss:
Unrealized loss on marketable securities, net
-
(1 )
Net comprehensive loss
$ (36,729 )
$ (26,556 )
Dividend to Series B-1 preferred stockholders
(1,095 )
-
Net loss attributable to common stockholders
$ (37,824 )
$ (26,555 )
Net loss per share attributable to common stockholders, basic and diluted
$ (5.65 )
$ (1.67 )
Weighted-average shares outstanding used in computing net loss per share, basic and diluted
6,698,513
15,886,876
4
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