Picture of Edgewise Therapeutics logo

EWTX — Edgewise Therapeutics News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousLarge CapMomentum Trap

Edgewise Therapeutics Q2 net loss widens on higher expenses

Edgewise Therapeutics Q2 net loss widens on higher expenses


Overview

  • US cardiovascular drug developer's Q2 net loss widened yr/yr on higher R&D and admin expenses

  • Company completed $2.65 bln sale of muscular dystrophy business to Servier in July 2026


Result Drivers

  • ORGANIZATIONAL EXPANSION - Co said higher G&A expenses reflected increased personnel costs, stock-based compensation, and professional fees to support clinical development

  • STRATEGIC FOCUS SHIFT - Sale of muscular dystrophy business to Servier strengthened balance sheet and sharpened focus on cardiovascular pipeline


Company press release: ID:nPn7DbX5ra


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Loss

$57.33 mln

Q2 Loss Per Basic Share

$0.53

Q2 Operating Expenses

$61.94 mln

Q2 Operating Income

-$61.94 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 Edgewise Therapeutics Inc is $51.50, about 14.5% above its August 5 closing price of $44.99


Reuters Recommended Reads

  • Aug 5 - Enliven Therapeutics Q2 net loss widens on higher expenses

  • Aug 5 - United Therapeutics Q2 revenue misses estimates on Ebulized Tyvaso weakness

  • Aug 6 - Compass Therapeutics Q2 net loss widens on higher R&D and G&A costs


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 Edgewise Therapeutics

See all news