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ISOFOL — Isofol Medical AB (publ) News Story

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Sweden's Isofol Medical reports no Q2 revenue, net loss widens

Sweden's Isofol Medical reports no Q2 revenue, net loss widens


Overview

  • Sweden clinical stage biotech reported no Q2 revenue and posted a net loss

  • Company continued clinical development of arfolitixorin, expanding trial sites in Germany

  • Regulatory approval granted for optimized study design and broadened inclusion criteria


Outlook

  • Company did not provide specific financial or operational guidance for the current or future periods


Result Drivers

  • CLINICAL TRIAL PROGRESS - Co cited continued advancement of arfolitixorin phase Ib/II study, including new trial sites and regulatory approvals

  • REGULATORY APPROVALS - Approval from German authority for optimized study design and broadened inclusion criteria enabled expansion of clinical trial


Company press release: ID:nMFN8PjKTc


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

SEK 0

Q2 Loss Per Share

SEK 0.05

Q2 Net Loss

SEK 15.73 mln


Analyst Coverage

  • Wall Street's median 12-month price target for Isofol Medical AB (publ) is SEK1.90, about 129.2% above its August 24 closing price of SEK0.83


Reuters Recommended Reads

  • Aug 24 - Sweden's Episurf posts H1 loss on goodwill impairment after property expansion

  • Aug 25 - Molecular Partners H1 net loss narrows on lower R&D expenses

  • Aug 24 - China's Jacobio Pharmaceuticals H1 revenue jumps on licensing boost


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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