Overview
Biopharmaceutical firm's fiscal Q3 net loss widened to $18.9 mln
R&D expenses increased due to PALISADE Program for social anxiety disorder
Outlook
VistaGen implements cash preservation initiatives ahead of clinical milestones
Result Drivers
R&D EXPENSES - Increased R&D expenses due to higher research, development, and contract manufacturing costs for the PALISADE Program
CASH PRESERVATION - Implemented cash preservation initiatives to maintain strategic flexibility as clinical milestones approach
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.45 | ||
Q3 Net Income | -$18.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "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 Vistagen Therapeutics Inc is $1.00, about 74.7% above its February 11 closing price of $0.57
Press Release: ID:nBw3NV4Yxa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)