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MEI Pharma Reports Third Quarter Fiscal Year 2025 Cash Position

1. MEIP is exploring strategic alternatives, including potential M&A opportunities. 2. The company maintains $20.5 million in cash, with no debt. 3. Reduction-in-force initiatives are ongoing as part of cash preservation efforts. 4. No assurance of successful strategic transaction outcomes has been provided. 5. The company is advised by Oppenheimer & Co., Inc. in this evaluation.

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$2.0905/13 04:16 PM EDTEvent Start
$2.2205/14 10:56 PM EDTLatest Updated
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FAQ

Why Neutral?

While strategic alternatives are considered, uncertainty clouds the outcome. Historical cases show mixed results for similar evaluations, affecting investor confidence.

How important is it?

The focus on strategic alternatives indicates potential changes that could directly impact MEIP’s future. Financial decisions may affect investor perception and stock price.

Why Short Term?

The ongoing evaluation of strategic alternatives will likely influence immediate market sentiment. The results of these evaluations could lead to short-term price volatility.

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OPCOVRTXGILD
-Evaluation of Strategic Alternatives is Ongoing SAN DIEGO--(BUSINESS WIRE)--MEI Pharma, Inc. (Nasdaq: MEIP) (the “Company”) today reported results for its third quarter ended March 31, 2025. As previously announced in July 2024, the Company is continuing its review and evaluation of potential strategic alternatives. As part of this assessment, the Company is considering options such as out-licensing opportunities for existing programs and merger and acquisition opportunities, with the goal of maximizing the value of its assets for its stockholders. Oppenheimer & Co., Inc. is serving as the Company’s exclusive financial advisor in this process. Through the third quarter of fiscal year 2025, the Company’s cash preservation efforts continue and include a reduction-in-force progressing in stages as the Company’s operational and strategic direction evolves. There can be no assurance the exploration of strategic alternatives will result in any agreements or transactions, or, if completed, any agreements or transactions will be successful or on attractive terms. The Company does not expect to disclose developments with respect to this process unless or until the evaluation of strategic alternatives has been completed or the Board of Directors has concluded disclosure is appropriate or legally required. As of March 31, 2025, the Company had $20.5 million in cash and cash equivalents with no outstanding debt. About MEI Pharma MEI Pharma, Inc. (Nasdaq: MEIP) is a pharmaceutical company with a portfolio of several drug candidates that may offer novel and differentiated cancer therapies. The drug candidate pipeline includes voruciclib, an oral cyclin-dependent kinase 9 inhibitor. For more information, please visit www.meipharma.com. Follow us on X (formerly Twitter) @MEI_Pharma and on LinkedIn. Forward-Looking Statements Certain information contained in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding the Company’s ability to identify, assess and execute a strategic transaction or realize value from its existing assets, the Company’s ability to preserve cash in order to adequately fund an orderly wind down of its operations if no transaction is consummated, the ability of stockholders and other stakeholders to realize any value or recovery as part of a transaction or a wind down process, the Company’s workforce reduction and future charges expected to be incurred in connection therewith, the adequacy or sufficiency of the Company’s existing cash resources and other statements. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management’s current expectations and are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to identify attractive strategic alternatives; the Company’s ability to retain key personnel; the adequacy of the Company’s capital resources in light of changing circumstances; the actions of various stakeholders of the Company; uncertainty regarding the impact of rising inflation , interest rates and tariffs; a potential economic downturn; activist investors; government regulation; and one-time events. We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements. More News From MEI Pharma, Inc.

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