BioAge Labs Q1 collaboration revenue beats estimates on Novartis collaboration

BioAge Labs

08/05/2026 14:09

Overview

US biopharma firm's Q1 collaboration revenue rose, beating analyst expectations

Net loss widened on higher R&D expenses for BGE-102 and APJ agonist programs

Company completed $132.3 mln follow-on public offering to fund operations through 2029

Outlook

Company expects existing cash to fund operations and capital expenses through 2029

Result Drivers

NOVARTIS COLLABORATION - Higher collaboration revenue driven by increased employee effort under Novartis partnership

BGE-102 PROGRAM COSTS - R&D expenses rose mainly due to higher direct costs for BGE-102 clinical trial completion and preparations for new studies

APJ AGONIST PROGRAMS - Additional R&D spending linked to discovery and development of APJ agonist programs

Company press release: ID:nGNX8F0q6V

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Collaboration Revenue
Beat
$2.77 mln
$1.32 mln (5 Analysts)
Q1 EPS
-$0.52
Q1 Net Income
-$22.25 mln
Q1 Income from Operations
-$25.38 mln
Q1 Operating Expenses
$28.15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 BIOAGE Labs Inc is $51.00, about 186.2% above its May 7 closing price of $17.82

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)