Cabaletta Bio reports smaller-than-expected Q3 loss

Reuters11-10
<a href="https://laohu8.com/S/CABA">Cabaletta Bio</a> reports smaller-than-expected Q3 loss

Overview

  • Company advancing rese-cel clinical trials with promising data for autoimmune diseases

  • Cabaletta expects cash reserves to fund operations into the second half of 2026

Outlook

  • Cabaletta plans BLA submission for rese-cel in 2027

  • Company expects FDA alignment on cohort designs by end of 2025

  • Cabaletta anticipates enrollment in registrational cohorts in 2026

Result Drivers

  • Research and development expenses were $39.8 million for the three months ended September 30, 2025, compared to $26.3 million for the same period in 2024

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

Beat

-$44.87 mln

-$45.55 mln (6 Analysts)

Q3 Income from Operations

-$46.59 mln

Q3 Operating Expenses

$46.59 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 Cabaletta Bio Inc is $14.50, about 82.4% above its November 7 closing price of $2.55

Press Release: ID:nGNX527bsD

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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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