Avidity Biosciences reports wider-than-expected Q3 net loss

Reuters
2025/11/11
<a href="https://laohu8.com/S/RNA">Avidity Biosciences</a> reports wider-than-expected Q3 net loss

Overview

  • Avidity reports Q3 net loss, missing analyst expectations

  • Strong cash position of $1.9 bln to fund operations to mid-2028

Outlook

  • Avidity plans BLA submission for del-zota in 2026

  • Merger with Novartis expected to close in H1 2026

  • 54-week topline data for del-desiran expected in H2 2026

Result Drivers

  • R&D EXPENSES - Increased R&D expenses due to advancement of clinical programs and higher personnel costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Collaboration Revenue

$12.48 mln

Q3 Net Income

Miss

-$174.44 mln

-$149.39 mln (11 Analysts)

Q3 Basic EPS

-$1.27

Q3 Operating Expenses

$201.28 mln

Q3 Operating Income

-$188.81 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy."

  • Wall Street's median 12-month price target for Avidity Biosciences Inc is $72.00, about 3% above its November 7 closing price of $69.84

Press Release: ID:nPn8f472wa

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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