CervoMed Q3 net loss widens

Reuters
Nov 10
<a href="https://laohu8.com/S/CRVO">CervoMed</a> Q3 net loss widens

Overview

  • CervoMed Q3 2025 net loss of $7.7 mln misses analyst expectations

  • Cash position decreased to $27.3 mln as of September 30, 2025

Outlook

  • CervoMed plans to initiate a global pivotal Phase 3 trial in DLB in H2 2026

  • Company expects initial biomarker data from Phase 2a FTD trial in 2026

  • CervoMed aligned with FDA on Phase 3 trial design for neflamapimod in DLB

Result Drivers

  • CASH POSITION - As of September 30, CervoMed had 27.3 mln in cash, cash equivalents, and marketable securities vs $38.9 mln as of December 31

  • OPERATING PLAN - CervoMed believes its cash will fund operations into Q3 2026

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

Miss

-$7.70 mln

-$6.33 mln (5 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 CervoMed Inc is $20.00, about 65.4% above its November 7 closing price of $6.92

Press Release: ID:nGNX3MgWQc

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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.)

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