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ELIC — Elicera Therapeutics AB News Story

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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


Reuters Recommended Reads

  • Aug 27 - Sweden's BioInvent Q2 net sales drop, loss widens

  • Aug 27 - China's JW Therapeutics interim revenue rises 4.7% on Carteyva sales

  • Aug 26 - Bristol Myers ends blood cancer drug deal with cell therapy maker Cellares


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.)

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