Minerva Neurosciences reports $2.7 mln Q3 net loss

Reuters11-05
<a href="https://laohu8.com/S/NERV">Minerva Neurosciences</a> reports $2.7 mln Q3 net loss

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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