EQRx extends post-earnings slump as Goldman Sachs, Jefferies downgrade [Seeking Alpha]
EQRx, Inc. (EQRX)
Company Research
Source: Seeking Alpha
EQRx extends post-earnings slump as Goldman Sachs, Jefferies downgradeNov. 11, 2022 10:28 AM ETEQRx, Inc. (EQRX)By:Dulan LokuwithanaSA News Editornaphtalina/iStock via Getty ImagesNASDAQ:with its Q3 2022 financials yesterday.Following regulatory feedback, EQRx (The updates also include a decision to prioritize the development of aumolertinib and lerociclib as a combination regimen for lung, breast, and other cancers.Updating their model on EQRx (However, the analysts have favorable views on the companyâ??s strong cash position and cash runway that extends to 2028 from 2025 in the previous forecast.Meanwhile, Jefferies analyst Akash Tewari lowered the rating on EQRx (With its Q3 updates on Thursday, EQRx (â??While certainly well-intentioned re: disrupting price on oncology/immunology drugs, its regulatory strategy using Chinese data to support an FDA filing simply has failed to yield results,â? the analyst wrote.Read: Seeking Alpha contributor Derek Lowe was am
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