CORRECTED-Kura Oncology Q4 net loss widens on higher R&D spend

Overview

• Biopharmaceutical firm reported $2.1 mln in Q4 net product revenue from KOMZIFTI launch

• Company's Q4 net loss widened to $81 mln, driven by increased R&D expenses

• Kura Oncology maintains strong cash position, expected to fund operations into late 2027

Outlook

• Kura anticipates topline Phase 3 results for ziftomenib in 2028

Result Drivers

• KOMZIFTI LAUNCH - KOMZIFTI generated $2.1 mln in Q4 revenue, with rapid payer coverage and positive market feedback supporting its adoption in R/R NPM1-m AML

Company press release: ID:nGNX680pl7

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the biotechnology & medical research peer group is "buy"

• Wall Street's median 12-month price target for Kura Oncology Inc is $28.00, about 227.5% above its March 4 closing price of $8.55

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.