Sweden's Elicera Therapeutics Q2 loss widens
Sweden's Elicera Therapeutics Q2 loss widens
Overview
Sweden CAR T-cell therapy developer's Q2 operating loss widened yr/yr
Loss per share for Q2 increased to SEK -0.12 from SEK -0.06 yr/yr
Company raised SEK 54.6 mln in rights issue to fund clinical programs
Outlook
Company says strengthened financial position will fund completion of CARMA study patient recruitment
Elicera plans to accelerate preparations for first clinical study with ELC-401
Company says next step in ELC-100 program is still under evaluation
Result Drivers
CARMA STUDY RESULTS - Co reported 91% tumor response rate in patients treated in CARMA study, including disease control in those who had relapsed after prior CAR T therapy
REGULATORY MILESTONE - Co received supportive feedback from Swedish MPA for planned clinical study with ELC-401 in glioblastoma
RIGHTS ISSUE - Co raised SEK 54.6 mln in rights issue to fund completion of CARMA study and preparations for ELC-401 clinical trial
Company press release: ID:nWkr8F1Mwz
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted Loss Per Share |
| SEK 0.12 |
|
Analyst Coverage
Wall Street's median 12-month price target for Elicera Therapeutics AB is SEK7.51, about 191.6% above its August 27 closing price of SEK2.58
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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 Elicera Therapeutics AB
See all newsBrief: Elicera Therapeutics Completes Phase I Part Of Carma Study
Brief: Elicera Therapeutics Gets Medical Products Agency Approval To Advance CARMA Study
Brief: Elicera Gets Clearance To Use Highest ELC-301 Dose Ahead Of Phase IIa
Brief: Elicera Gets First Patent Allowance For ELC-201
Brief: Elicera Receives Notice Of Allowance For U.S. Patent Application