Overview
Scholar Rock reports Q2 net loss of $110 mln, no revenue recorded
Cash reserves expected to support operations into 2027
Result Drivers
COSTS INCREASE - R&D costs increase $20 mln was due to higher drug supply manufacturing costs, employee related expenses
Key Details
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 Scholar Rock Holding Corp is $52.00, about 28.9% above its August 5 closing price of $36.98
Press Release: ID:nBw4FqHdYa
(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.)