Canada's Medicenna narrows Q3 net loss, highlights MDNA11 efficacy

Medicenna Therapeutics

13/02/2026 13:18

Overview

Canada immunotherapy firm's fiscal Q3 net loss narrows yr/yr

Company expects cash to fund operations into Q3 2026

MDNA11 shows strong anti-tumor activity in clinical trials

Outlook

Medicenna expects cash reserves to fund operations into Q3 2026

Company plans to file IND for MDNA113 in H2 2026

Medicenna anticipates sharing ABILITY-1 study results in H2 2026

Result Drivers

MDNA11 EFFICACY - MDNA11 demonstrated strong anti-tumor activity in clinical trials, achieving an ORR of 36% as monotherapy and 43% when combined with pembrolizumab

R&D - Expenses were C$4.1 million for the quarter, compared to C$3.6 million for the same period in 2024, driven by higher clinical costs associated with the expansion of the MDNA11 ABILITY-1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-C$0.05
Q3 Net Income
-C$4.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Press Release: ID:nGNX3vs62m

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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.)