Spain's Oryzon Genomics' Q3 net loss widens on higher R&D costs

By Reuters News


Overview

  • Spain biopharma firm's Q3 net loss widened as R&D expenses increased

  • Company advanced iadademstat and vafidemstat clinical programs with new study authorizations and Cdata

  • Cash position fell to $21.7 mln at end-Q3 2026 from $40.4 mln a year earlier


Outlook

  • Company aims to initiate ALICE-3 Phase III trial in first-line AML in 2027

  • Oryzon expects EVOLUTION Phase IIb schizophrenia trial enrollment to complete in spring 2027

  • Company plans to request FDA Type C meeting for PORTICO-2 Phase III BPD trial by early 2027


Result Drivers

  • R&D SPENDING - Co said higher research and development expenses reflected ongoing and expanded clinical trials for iadademstat and vafidemstat

  • CLINICAL TRIAL PROGRESS - Co highlighted continued patient enrollment and new study authorizations for iadademstat and vafidemstat programs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

$1.65 mln

Q3 Income From Operations

-$5.63 mln

Q3 Operating Expenses

$5.63 mln


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 Oryzon Genomics SA is €6.00, about 152.3% above its November 9 closing price of €2.38


Reuters Recommended Reads

  • Nov 9 - Biopharma Almirall 9M sales rise on European dermatology growth

  • Nov 9 - Ionis Pharmaceuticals Q3 revenue rises 55%

  • Nov 9 - Zura Bio's skin disease drug fails mid-stage trial


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.