ArriVent BioPharma's Q3 Net Loss Narrows

MT Newswires Live
2024-11-14

ArriVent BioPharma (AVBP) reported a Q3 net loss Thursday of $0.61 per diluted share, narrowing from a loss of $5.52 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.82 per share.

As expected, no revenue for the quarter ended Sept. 30 was reported.

As of Sept. 30, the clinical-stage biopharmaceutical company said it had $282.9 million in cash and cash equivalents that could fund operations into 2026.

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