Overview
Structure Therapeutics reports Q3 net loss of $65.7 mln, compared to $34 mln in 2024
Company maintains strong cash position of $799 mln, funding operations through 2027
Phase 1 study for oral amylin receptor agonist ACCG-2671 to start by year-end 2025
Outlook
Structure Therapeutics expects topline data from ACCESS studies by year-end 2025
Company plans to initiate Phase 1 study of ACCG-2671 by year-end 2025
Company expects cash reserves to fund operations through at least 2027
Result Drivers
R&D EXPENSES - Increased R&D expenses driven by clinical trial costs and preclinical research for GLP-1R franchise
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | -$65.71 mln | ||
Q3 Income From Operations | -$73.79 mln | ||
Q3 Operating Expenses | $73.79 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 Structure Therapeutics Inc is $65.00, about 50.4% above its November 5 closing price of $32.21
Press Release: ID:nGNX9tXbcm
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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.)