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
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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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