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ENTA — Enanta Pharmaceuticals News Story

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Enanta Pharmaceuticals Q3 revenue rises slightly

Overview

Enanta fiscal Q3 revenue rises slightly to $18.3 mln, primarily from HCV royalties

Net loss narrows to $18.3 mln, driven by lower R&D and admin expenses

Outlook

Company expects cash and royalties to support operations into FY 2028

Result Drivers

ROYALTY REVENUE - Revenue driven by royalties from AbbVie's HCV regimen MAVYRET/MAVIRET

R&D EXPENSES - Decrease in R&D expenses due to timing of RSV clinical trials

LEGAL EXPENSES - Lower legal expenses following resolution of patent lawsuit against Pfizer

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$18.31 mln
Q3 EPS-$0.85
Q3 Net Income-$18.26 mln
Q3 Operating Expenses$37.21 mln
Q3 Operating Income-$18.89 mln
Q3 Pretax Profit-$18.23 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the pharmaceuticals peer group is "buy" Wall Street's median 12-month price target for Enanta Pharmaceuticals Inc is $20.00, about 65.5% above its August 8 closing price of $6.90 Press Release: ID:nBw205gwva (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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