Overview
vTv's Q3 net loss widens to $8.7 mln, driven by higher R&D expenses
Company completes $80 mln private placement to fund Phase 3 CATT1 trial
Result Drivers
PRIVATE PLACEMENT - $80 mln private placement strengthens balance sheet and supports Phase 3 CATT1 trial
R&D EXPENSES - Increased R&D spending reflects higher investment in cadisegliatin development
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Expenses
$10.70 mln
Q3 Operating Income
-$10.70 mln
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 vTv Therapeutics Inc is $35.50, about 31.7% above its November 5 closing price of $24.24
Press Release: ID:nGNX9hHzf4
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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.)