Celcuity, Inc. is a clinical-stage biotechnology company headquartered in Minneapolis, MN, founded in January 2012 by Brian F. Sullivan and Lance G. Laing. The company specializes in precision oncology, discovering new cancer subtypes and developing targeted therapies for solid tumors. Celcuity's proprietary CELx diagnostic platform uses living tumor cells to ...Celcuity, Inc. is a clinical-stage biotechnology company headquartered in Minneapolis, MN, founded in January 2012 by Brian F. Sullivan and Lance G. Laing. The company specializes in precision oncology, discovering new cancer subtypes and developing targeted therapies for solid tumors. Celcuity's proprietary CELx diagnostic platform uses living tumor cells to identify specific abnormal cellular processes driving an individual patient's cancer, aiming to improve clinical outcomes by matching patients with effective targeted therapies. The company went public in September 2017 and trades on NASDAQ under the symbol CELC. As of December 2025, Celcuity has 155 employees. The company's pipeline focuses on treating breast cancer and other solid tumors, with its lead candidate, gedatolisib, being evaluated in clinical trials. Celcuity's strategy involves developing companion diagnostics and targeted therapies, potentially improving response rates and extending patients' lives. The company's financial status shows a significant market cap of approximately $4.5 billion, though it reports no revenue as it is still in the clinical stage. Celcuity prioritizes innovation and patient-centered care, aiming to expand its pipeline and bring life-saving treatments to market.
Operator: Good afternoon, ladies and gentlemen. Welcome to Security second Quarter 26 Financial Results Conference Call and Webcast. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press 0 for the operator. I would now like to turn the conference over to Jodi Sievers, corporate communications and investor relations at Celcuity. Please go ahead.
Jodi Sievers: Thank you, Ludi, and good afternoon to everyone. Thank you for joining us today to read Celcuity's second quarter 26 financial results and business update. Earlier today, Cellcuity released financial results for the quarter ended 06/30/2026. The press release can be found on the Investors section of Celcuity's website Joining me on the call today are Brian F. Sullivan, Celcuity's Chief executive officer and cofounder Vicky Hahne, chief financial officer as well as Igor Gorbachevsky, chief medical officer; and Eldon C. Mayer, chief commercial officer, who will be available during Q&A. As we begin, I would like to remind listeners that our comments today will include some forward looking statements. These statements involve a number of risks and uncertainties which are outlined in today's press release and in our reports and filings with the SEC. Actual events and results may differ materially from those projected in the forward looking statements. Such forward looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. On this call, we will also refer to non GAAP financial measures. These non GAAP financial measures are used by management to make strategic decisions forecast future results, evaluate the company's current performance. Management believes the presentation of these non GAAP financial measures is useful for investors' understanding and assessment of the company's ongoing core operations and prospects for the future. You can find the table reconciling the non GAAP financial measures to the GAAP measures in today's press release and with the And with that, I would like to turn the call over to Brian F. Sullivan, CEO of Cellcuity.
Operator: Please go ahead, Brian.
Brian F. Sullivan: Thank you, Jodi, and good afternoon, everyone. Thank you for joining our second quarter 26 operating and financial update conference call. Celcuity continues to make monumental progress. Advancing clinical development of gedatolisib for patients with HR positive, HER 2 negative advanced breast cancer. With the FDA approval of Revtopik, positive results from the PIK3CA mutant cohort of our pivotal VIKTORIA-1 study, and a preferred category 1 recommendation in the NCCN guidelines. We are well positioned to address a significant unmet need for the tens of thousands of patients each year by HR positive, HER 2 negative advanced …