Overview

* vTv's Q3 net loss widens to $8.7 mln, driven by higher R&D expenses

* Company completes $80 mln private placement to fund Phase 3 CATT1 trial

Result Drivers

* PRIVATE PLACEMENT - $80 mln private placement strengthens balance sheet and supports Phase 3 CATT1 trial

* R&D EXPENSES - Increased R&D spending reflects higher investment in cadisegliatin development

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $10.70

Operatin mln

g

Expenses

Q3 -$10.70

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 vTv Therapeutics Inc ( VTVT ) is $35.50, about 31.7% above its November 5 closing price of $24.24

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.)