earnings
confidence high
sentiment neutral
materiality 0.75
Voyager Q3 net loss widens to $27.9M; cash runway into 2028; NeuroShuttle platform launched
Voyager Therapeutics, Inc.
2025-Q3 EPS reported
-$1.57
revenue$25,038,000
- Net loss of $27.9M (vs $9.0M in Q3 2024); collaboration revenue fell to $13.4M from $24.6M.
- Cash, equivalents, marketable securities $229M; runway extended into 2028.
- New collaboration with Transition Bio for TDP-43 small molecules (ALS/FTD); upfront single-digit million, milestones up to $500M.
- Introduced ALPL-VYGR-NeuroShuttle nonviral platform; murine data shows >3 weeks brain expression.
- Novartis discontinues two discovery programs (rights return); Neurocrine milestone $3M expected Q4 2025.