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VOR — Vor Biopharma News Story

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Vor Biopharma Q1 net loss widens

Overview

U.S. biotech firm's Q1 net loss widened

R&D expenses fell yr/yr, mainly due to reduced spend on previous programs and lower headcount

Company ended Q1 with $491.5 mln in cash, expected to fund operations into early 2029

Outlook

Company's cash and investments expected to fund operations into early 2029

Result Drivers

WARRANT LIABILITY IMPACT - Co said increase in net loss was primarily due to change in fair value of outstanding liability-classified warrants

R&D SPENDING SHIFT - R&D expenses fell mainly due to reduced spend on previous programs and lower headcount, partially offset by increased spend on telitacicept programs

HIGHER G&A COSTS - G&A expenses rose due to increases in stock-based compensation, personnel-related, and commercial expenses

Company press release: ID:nGNX6KscW5

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income-$219.60 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 Vor Biopharma Inc is $40.00, about 142.9% above its May 12 closing price of $16.47 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.)

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