PDS Biotechnology Q3 net loss narrows on lower R&D costs

PDS Biotechnology

13/11/2026 13:29

Overview
US immunotherapy firm's Q3 net loss narrowed yr/yr as research and development costs declined
Q3 loss per share was $0.11
Company completed initial closing of PIPE financing of up to $22.3 mln led by Nant Capital

Outlook
Company prioritizes PDS0301 as lead development program for upcoming clinical trials
Company intends to pursue strategic partnerships for Phase 3 development of PDS0101
Company expects milestone PIPE financing closing upon FDA submission of Phase 3 protocol for PDS0301

Result Drivers
LOWER R&D COSTS - Q3 research and development expenses fell, mainly due to decreased clinical trial, personnel, and manufacturing costs
HIGHER ADMIN COSTS - General and administrative expenses increased, driven by higher professional fees and personnel costs, offset by lower stock-based compensation
HIGHER INTEREST EXPENSES - Net interest expenses increased yr/yr

Company press release: ID:nGNX6Qw7lY

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Loss Per Share
 
$0.11
$0.11 (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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"
Wall Street's median 12-month price target for PDS Biotechnology Corp is $4.50, about 359.2% above its November 12 closing price of $0.98

Reuters Recommended Reads
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Nov 12 - Assembly Biosciences Q3 net loss widens on increased R&D costs

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.)