Overview
Minerva reports Q3 net loss of $2.7 mln, contrasting with net income in Q3 2024
Company's Q3 operating expenses decreased due to lower R&D and G&A costs
Minerva secures $80 mln in financing for Phase 3 trial of roluperidone
Outlook
Minerva anticipates increased R&D and administrative expenses for Phase 3 trial and NDA resubmission
Company expects to have sufficient funds for Phase 3 study and potential US launch
Result Drivers
FINANCING - Minerva received $80 mln in private placement to fund Phase 3 trial of roluperidone
LOWER R&D EXPENSES - R&D expenses decreased due to lower costs for drug substance validation and consultant fees
LOWER G&A EXPENSES - G&A expenses fell due to reduced professional service fees and insurance costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.36 | ||
Q3 Net Income | -$2.74 mln | ||
Q3 Income from Operations | -$2.84 mln | ||
Q3 Operating Expenses | $2.84 mln |
Press Release: ID:nGNXbBfpzw
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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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