Overview
US biopharma firm's Q1 net loss narrowed yr/yr
R&D and G&A expenses rose due to higher development and personnel costs
Company expects cash runway to fund operations through clinical readouts and into Q4 2026
Outlook
Tvardi expects cash runway to fund operations through clinical readouts and into Q4 2026
Result Drivers
HIGHER R&D SPENDING - Increased research and development expenses were mainly due to higher TTI-109 development costs, partly offset by lower TTI-101 clinical costs
RISING ADMINISTRATIVE COSTS - General and administrative expenses rose due to higher personnel costs, including stock-based compensation, and professional fees related to being a public company
Company press release: ID:nGNX4pj6kZ
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$6.80 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 1 "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 Tvardi Therapeutics Inc is $8.00, about 90% above its May 7 closing price of $4.21
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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.)