Biotech firm Rafael's Q3 net loss narrows; set to submit NDA for Trappsol Cyclo in H2
Biotech firm Rafael's Q3 net loss narrows; set to submit NDA for Trappsol Cyclo in H2
Overview
U.S. biotechnology firm's fiscal Q3 revenue fell yr/yr, net loss narrowed
Company completed last patient visit in pivotal Phase 3 TransportNPC trial
Outlook
Company expects to submit NDA for Trappsol Cyclo in H2 2026
Company sees high unmet need in NPC market as a potential opportunity
Result Drivers
CYCLICAL THERAPEUTIC EXPENSES - Higher research and development costs driven by consolidation of Cyclo Therapeutic's expenses after March 2025 acquisition
LOWER ADMINISTRATIVE COSTS - General and administrative expenses fell due to reduced payroll, stock-based compensation, and professional fees, partially offset by Cyclo expenses
Company press release: ID:nGNX9xMmYD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $179,000 |
|
Q3 EPS |
| -$0.08 |
|
Q3 Net Income Attributable To Co |
| -$4.23 mln |
|
Q3 Operating Income |
| -$6.87 mln |
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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.)
Recent news on Rafael Holdings
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Biotech firm Rafael's Q3 net loss narrows; set to submit NDA for Trappsol Cyclo in H2
Rafael Holdings Q2 net loss widens on consolidation of Cyclo Therapeutic's costs
Brief: Rafael Holdings Q2 Net Income USD -6.327 Million