Picture of Dextech Medical AB logo

DEX — Dextech Medical AB News Story

0.000.00%
se flag iconLast trade - 00:00
HealthcareHighly SpeculativeMicro CapSucker Stock

Swedish drug developer DexTech's Q4 operating loss widens; reports positive patient outcomes

Swedish drug developer DexTech's Q4 operating loss widens; reports positive patient outcomes


Overview

  • Sweden drug developer's fiscal Q4 sales were zero, with operating loss widening yr/yr

  • Company completed phase I/IIa OsteoDex study in multiple myeloma, meeting primary safety endpoint

  • DexTech says working capital sufficient to fund operations through end-2028


Outlook

  • Company says current liquidity is sufficient to finance operations until end of 2028

  • DexTech to complete clinical study report after all patient follow-up results are available


Result Drivers

  • CLINICAL STUDY COMPLETION - Co completed phase I/IIa OsteoDex study in multiple myeloma, meeting primary safety endpoint and reporting no significant ODX-related adverse events

  • POSITIVE PATIENT OUTCOMES - All treated patients transitioned from progressive to stable disease during ODX treatment; more than 70% retained stable disease after treatment


Company press release: ID:nWkr409j5Z


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

SEK 0

Q4 Loss Per Share

SEK 0.10

Q4 Operating Profit

-SEK 1.9 mln


Reuters Recommended Reads

  • Aug 28 - Success after a century of failures: Inside Moderna and Merck's cancer vaccine breakthrough


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.)

Recent news on Dextech Medical AB

See all news