Overview
US biotech firm reported Q1 net loss widened yr/yr on higher R&D and G&A expenses
Company raised $719 mln in public offering, ending Q1 with about $1.2 bln cash
Early GO decision reached in CAPTIVATE trial for claseprubart in CIDP
Outlook
Company expects to initiate Phase 3 claseprubart trial in gMG in mid-2026, with results in 2H’28
Top-line results from Phase 2 MoMeNtum trial in MMN expected in Q4’26
Phase 1 healthy volunteer data for DNTH212 anticipated in 2H’26
Result Drivers
HIGHER CLINICAL COSTS - Co said increased R&D expenses were mainly due to higher clinical costs and expanded headcount for claseprubart Phase 2 and 3 development
INCREASED STAFFING - Co said higher G&A expenses reflected increased headcount
Company press release: ID:nGNX1dm8B6
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$40.83 mln
Q1 Income From Operations
-$46.53 mln
Q1 Operating Expenses
$47 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 17 "strong buy" or "buy", no "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 Dianthus Therapeutics Inc is $124.00, about 38.8% above its May 4 closing price of $89.34
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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.)