Parabilis Medicines Q2 Loss Narrows; Shares Rise Pre-Bell

MT Newswires Live

08/13

Parabilis Medicines (PBLS) reported a Q2 loss Thursday $2.32 per diluted share, compared a loss of $22.28 a year earlier.

Analysts from FactSet expected a loss of $0.36.

Collaboration revenue for the quarter ended June 30 was $148,000. The company did not report any revenue a year ago.

As of June 30, the company has cash, cash equivalents and marketable securities of $1.1 billion, which it said are expected to fund its operations into 2030.

Shares of the company were up over 6% in Thursday's premarket activity.

Price: 39.99, Change: +2.58, Percent Change: +6.90

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