earnings
confidence high
sentiment neutral
materiality 0.75
Roivant Q3 net loss widens to $385M; VTAMA revenue $9.2M, RVT-3101 Phase 2b positive
Roivant Sciences Ltd.
2022-Q3 EPS reported
-$1.39
revenue$33,904,000
- Net loss of $384.9M ($0.49 per share) for Q3 FY2023, compared to net loss of $306.1M ($0.41) a year ago.
- VTAMA net product revenue $9.2M; nearly 100,000 prescriptions written by ~8,600 prescribers since launch; 57% of commercial lives covered.
- RVT-3101 Phase 2b TUSCANY-2: 31% clinical remission (p=0.01) and 40% endoscopic improvement (p=0.01) at expected Phase 3 dose; biomarker-positive patients achieved 40%/56% rates.
- Completed $230M upsized equity offering; pro forma cash $1.9B, extending runway into 2H 2025.
- Topline data expected from ADORING 1 (VTAMA in atopic dermatitis) in March 2023 and ADORING 2 in May 2023.