Overview
* Unicycive reports Q3 net loss of $6.0 mln, up from $4.1 mln year-over-year
* Company plans to resubmit NDA for OLC by year-end after FDA discussions
* Unicycive ends Q3 with $42.7 mln cash, runway into 2027
Outlook
* Unicycive plans to resubmit NDA for OLC by year-end
* Company expects cash runway into 2027
* Unicycive anticipates potential OLC launch next year
Result Drivers
* NDA RESUBMISSION - Co plans to resubmit NDA for OLC by year-end after positive FDA discussions and vendor inspection
* PILL BURDEN REDUCTION - OLC significantly reduced pill burden compared to current phosphate binders, as presented at ASN
* CASH POSITION - Ended Q3 with $42.7 mln cash, providing runway into 2027
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Net -$6.01
Income mln
Q3 -$7.34
Income mln
from
Operatio
ns
Q3 $7.34
Operatin mln
g
Expenses
Analyst Coverage
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 Unicycive Therapeutics Inc ( UNCY ) is $45.00, about 89.4% above its November 11 closing price of $4.79
Press Release:
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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.)