By Kelly Cloonan
Enanta Pharmaceuticals recorded a narrower loss as sales rose in its fiscal fourth quarter driven by higher sales of a hepatitis C virus treatment.
The biotechnology company on Monday posted a loss of $18.7 million, or 87 cents a share, compared with a loss of $28.8 million, or $1.36 a share, a year earlier. Analysts polled by FactSet expected a loss of $1.03 a share.
Revenue rose to $15.1 million compared with $14.6 million a year ago. Analysts projected $16 million.
The growth was driven by increased sales for AbbVie's hepatitis C virus treatment Mavyret, the company said. Enanta derives royalty revenue from sales of the medication.
Enanta said it projects having enough money to fund its existing business and development programs into fiscal 2029.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 17, 2025 16:20 ET (21:20 GMT)
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