earnings
confidence high
sentiment positive
materiality 0.80
Gossamer Q2 net income $16.9M; NDA on track Sept 2026; reacquires seralutinib rights
Gossamer Bio, Inc.
2026-Q2 EPS reported
-$0.24
revenue$26,193,000
- Q2 2026 net income $16.9M vs net loss $38.3M in Q2 2025; revenue $9.2M from Chiesi collaboration.
- NDA submission for seralutinib in PAH on track for Sept 2026; FDA feedback from Pre-NDA Type B meeting; potential approval decision Q3 2027.
- Reacquired worldwide rights to seralutinib from Chiesi; no upfront cash, Chiesi gets capped royalty and milestone payments.
- Exchanged $181.1M of 5.00% 2027 notes for $65.2M new 7.50% 2030 notes, reducing debt by ~$115.9M; 2027 notes now ~$18.9M.
- Cash $57.0M at June 30, 2026; expected to fund operations into Q1 2027.