earnings
confidence high
sentiment positive
materiality 0.75
PepGen reports Q3 net loss of $18.0M; 53.7% splicing correction in DM1 Phase 1
PepGen Inc.
2025-Q3 EPS
reported -$2.14
vs consensus -$0.58
▼ miss
(-271.3%)
- FREEDOM-DM1 15 mg/kg showed mean splicing correction of 53.7%, highest reported in DM1 patients.
- All patients in FREEDOM2 5 mg/kg cohort enrolled; topline data expected Q1 2026.
- Closed $115M public offering in Sept 2025; cash runway extended into H2 2027.
- Net loss $18.0M ($0.52/sh) vs $21.4M ($0.66/sh) in Q3 2024; cash $163.7M at Sept 30.
- R&D expense $13.4M down from $17.7M YoY; G&A flat at $5.2M.