Overview
Taysha reports bigger Q3 net loss of $32.7 mln, with increased R&D expenses
TSHA-102 granted FDA Breakthrough Therapy designation for Rett syndrome
Company regained full rights to TSHA-102 Rett syndrome program in October
Outlook
Company plans to dose first patient in REVEAL trial in Q4 2025
Taysha expects additional patient enrollment at multiple sites this quarter
Company regained full rights to TSHA-102 program for strategic flexibility
Result Drivers
Research and Development Expenses - R&D costs up to $25.7 mln from $14.9 mln
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.09 | ||
Q3 Net Income | -$32.73 mln | ||
Q3 Operating Expenses | $34.02 mln | ||
Q3 Operating Income | -$34.02 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 Taysha Gene Therapies Inc is $9.00, about 50.4% above its November 3 closing price of $4.46
Press Release: ID:nGNXcfDdHY
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(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.)