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 |
|
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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.)
Recent news on Dextech Medical AB
See all newsSwedish drug developer DexTech's Q4 operating loss widens; reports positive patient outcomes
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