VYNE Therapeutics Q3 net loss narrows, strategic review ongoing

Reuters11-06
VYNE <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Q3 net loss narrows, strategic review ongoing

Overview

  • VYNE Q3 net loss decreases compared to last year

  • Company progressing with strategic review to maximize shareholder value

Outlook

  • VYNE is conducting a strategic review to explore options like partnerships or mergers

  • Company expects cash runway to last into the first half of 2027

  • VYNE is conducting a 12-week toxicology study for VYN202 to lift a clinical hold

Result Drivers

  • STRATEGIC REVIEW - Co is evaluating strategic alternatives to maximize shareholder value, including potential partnerships and transactions

  • COST REDUCTIONS - Co implemented cost reductions to extend cash runway into first half of 2027

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$169,000

Q3 Net Income

-$7.28 mln

Q3 EPS from Cont Ops

-$0.17

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Vyne Therapeutics Inc is $3.25, about 89.6% above its November 5 closing price of $0.34

Press Release: ID:nGNXbBrRvS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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