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Immunovant Inc (IMVT) Reports Fiscal Q3 Results: Expands Clinical Programs Amid Rising R&D Costs [Yahoo! Finance]

Immunovant, Inc. (IMVT) 
Company Research Source: Yahoo! Finance
R&D Expenses : R&D expenses increased to $48.3 million for the quarter, reflecting heightened activity in the development of IMVT-1402 and batoclimab. Net Loss : The company recorded a net loss of $51.4 million ($0.36 per common share) for the quarter, an improvement from the previous year's $63.2 million ($0.49 per common share). Clinical Trials : Immunovant plans to initiate 4-5 potentially registrational programs for IMVT-1402 and trials in 10 indications over the next two fiscal years. Stock-Based Compensation : Non-cash stock-based compensation expense was reported at $10.2 million for the quarter. Warning! GuruFocus has detected 2 Warning Sign with IMVT. On February 12, 2024, Immunovant Inc ( NASDAQ:IMVT ) released its 8-K filing , detailing its financial results and corporate updates for the fiscal third quarter ended December 31, 2023. The clinical-stage biopharmaceutical company, known for its focus on enabling normal lives for patients with autoimmune diseases, ha Show less Read more
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