Overview
Vera Therapeutics Q3 net loss and EPS miss analyst expectations
Company expects BLA submission for atacicept in Q4 2025
Vera maintains strong cash position, funding operations through potential atacicept launch
Outlook
Company expects to submit BLA for atacicept to FDA in Q4 2025
Vera anticipates potential U.S. launch of atacicept in 2026
Company expects initial PIONEER trial results in Q4 2025
Result Drivers
CLINICAL TRIAL PROGRESS - Vera is actively enrolling patients in PIONEER, dose range finding, and ORIGIN Extend studies for atacicept
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | Miss | -$1.26 | -$1.13 (12 Analysts) |
Q3 Net Income | Miss | -$80.29 mln | -$75.26 mln (10 Analysts) |
Q3 Operating Income | Miss | -$83.93 mln | -$75.62 mln (11 Analysts) |
Q3 Operating Expenses | $83.93 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 Vera Therapeutics Inc is $60.00, about 59.4% above its November 4 closing price of $24.35
Press Release: ID:nGNX7LgC7F
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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.)