earnings
confidence high
sentiment neutral
materiality 0.55
Vera Therapeutics reports 2024 net loss $152.1M; atacicept Phase 3 primary endpoint due Q2 2025
Vera Therapeutics, Inc.
2024-FY EPS reported
-$2.75
- Net loss of $152.1M ($2.75 diluted EPS) vs $96.0M ($2.25) in 2023; cash burn $134.7M operating.
- Cash and equivalents $640.9M as of Dec 31, 2024; sufficient through potential 2026 commercial launch.
- Phase 3 ORIGIN trial primary endpoint expected Q2 2025; BLA submission for atacicept planned H2 2025.
- Expanded pipeline: atacicept in PMN, FSGS, MCD; acquired next-gen fusion protein VT-109 in 2024.
- FDA Breakthrough Therapy Designation granted for atacicept in IgAN during 2024.