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CARsgen Therapeutics Holdings Ltd. ( (HK:2171) ) has issued an update.
CARsgen Therapeutics Holdings Ltd. has announced an expected reduction in net loss for the first half of 2025, driven by increased revenues from the commercialization of CT053 in mainland China and reduced R&D expenditures on CT053 and CT041. The company’s financial performance is also influenced by foreign exchange fluctuations. The anticipated net loss for the period is approximately RMB80 million, a significant improvement from the RMB351 million loss reported in the same period of 2024. This development marks a positive shift in CARsgen’s financial trajectory, potentially enhancing its industry positioning and offering promising implications for stakeholders.
The most recent analyst rating on (HK:2171) stock is a Sell with a HK$8.96 price target. To see the full list of analyst forecasts on CARsgen Therapeutics Holdings Ltd. stock, see the HK:2171 Stock Forecast page.
More about CARsgen Therapeutics Holdings Ltd.
CARsgen Therapeutics Holdings Ltd. is a biotechnology company based in the Cayman Islands, focusing on the development and commercialization of innovative CAR-T cell therapies for the treatment of hematological malignancies and solid tumors. The company is primarily engaged in the biopharmaceutical industry, with a market focus on advancing cancer treatment through its proprietary technologies.
Average Trading Volume: 3,049,331
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.74B
See more insights into 2171 stock on TipRanks’ Stock Analysis page.