earnings
confidence high
sentiment neutral
materiality 0.65
FibroGen Q3 revenue up 155% to $40.1M; roxadustat China sales up 31%
KYNTRA BIO, INC.
2023-Q3 EPS reported
-$2.35
revenue$120,614,000
- Net loss of $63.6M ($0.65 loss per share) vs $91.7M ($0.98) YoY; restructuring charge of $12.6M.
- Roxadustat net product revenue in China reached $29.4M, up 69% YoY; total China sales $77.1M (up 31%), driven by 37% volume growth.
- Annualized cost reduction of $120M implemented; cash of $283.0M expected to fund operations into 2026.
- Pamrevlumab LAPIS Phase 3 topline data expected Q1 2024; PanCAN Phase 2/3 data in 1H 2024.
- sNDA for roxadustat in chemotherapy-induced anemia accepted in China; approval decision mid-2024.