Overview
Arbutus Q3 revenue and net income missed analyst expectations
Company reports 46% of Phase 2a patients discontinued treatment in imdusiran trials
Arbutus continues litigation against Moderna and Pfizer/BioNTech over LNP technology
Outlook
Favorable claim construction ruling in Pfizer-BioNTech litigation, Moderna trial set for March 2026
46% of Phase 2a patients discontinued treatment, showing potential efficacy of imdusiran
Result Drivers
COST REDUCTIONS - Decrease in R&D expenses due to restructuring and focus on imdusiran and AB-101
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $500,000 | $1.27 mln (3 Analysts) |
Q3 Net Income | Miss | -$7.70 mln | -$6.94 mln (2 Analysts) |
Q3 Cash & Investments | $93.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 Arbutus Biopharma Corp is $5.00, about 3.2% above its November 12 closing price of $4.84
Press Release: ID:nGNX6b7K1f
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(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.)
Comments