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VTVT — vTv Therapeutics News Story

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vTv Therapeutics Q3 net loss widens to $8.7 mln

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

MetricBeat/MissActualConsensus 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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