earnings
confidence high
sentiment neutral
materiality 0.60
Edesa Biotech reports Q3 net loss of $5.4M; advances EB06 vitiligo Phase 2
Edesa Biotech, Inc.
- Q3 net loss $5.4M ($0.60/share) vs $1.7M ($0.25) year ago; nine-month loss $11.9M ($1.40) vs $5.0M ($0.95).
- R&D expenses rose $3.1M to $4.0M in Q3 on EB06 manufacturing and prep; total opex $5.5M vs $1.9M.
- Cash and equivalents $10.3M, working capital $6.9M at June 30, 2026.
- EB06 Phase 2 vitiligo study prep complete; first sites activating, recruitment to start in coming weeks in Canada.
- Paridiprubart exploratory data in ARDS with AKI showed significant mortality reduction and improved MAKE30 endpoint.