Overview
US biotech firm's Q4 net loss narrowed yr/yr as R&D and G&A expenses declined
Relmada completed $160 mln PIPE financing, expects cash to fund operations through 2029
Outlook
Relmada expects cash resources to fund operations through 2029, including NDV-01 RESCUE program
Result Drivers
LOWER R&D SPENDING - R&D expenses fell yr/yr due to completion of two Phase 3 trials for REL-1017, partially offset by increased costs for NDV-01 and sepranolone
REDUCED G&A COSTS - General and administrative expenses declined yr/yr, mainly due to lower stock-based compensation and professional fees, partially offset by higher personnel costs
Company press release: ID:nGNXJwvZy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.27
Q4 Net Income
-$19.90 mln
Analyst Coverage
The current average analyst rating on the shares is "strong 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."
Wall Street's median 12-month price target for Relmada Therapeutics Inc is $10.00, about 61% above its March 18 closing price of $6.21
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.)