AnaptysBio Q3 collaboration revenue jumps on GSK's Jemperli sales

Reuters
11/05
AnaptysBio Q3 collaboration revenue jumps on GSK's Jemperli sales

Overview

  • AnaptysBio Q3 collaboration revenue rises significantly due to GSK milestone achievements

  • Company plans to separate biopharma operations from royalty assets by YE 2026

  • AnaptysBio reports Q3 net income, contrasting with a loss in the prior year

Outlook

  • AnaptysBio plans to separate biopharma operations from royalty assets by YE 2026

  • Company expects $75 mln milestone from GSK's Jemperli sales in Q4 2025

  • AnaptysBio expects annualized Jemperli royalties of >$390 mln before 2031

Result Drivers

  • GSK MILESTONE - Collaboration revenue boosted by $50 mln milestone from GSK's Jemperli sales exceeding $750 mln

  • BIOPHARMA SEPARATION - Intent to separate biopharma operations from royalty assets by YE 2026 to unlock value

  • ROSNILIMAB DATA - Positive Phase 2b data for rosnilimab in rheumatoid arthritis highlighted at ACR Convergence 2025

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Collaboration Revenue

$76.32 mln

Q3 Net Income

$15.11 mln

Q3 Income From Operations

$34.70 mln

Q3 Operating Expenses

$41.61 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "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 AnaptysBio Inc is $62.00, about 41.9% above its November 3 closing price of $36.04

Press Release: ID:nGNX5Gv9LF

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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