Earnings PerformanceBioAge reported a net loss of $21.6 million for the second quarter, resulting in a loss of $0.60 per share, which was greater than the estimate of a net loss of $15.0 million, or a loss of $0.41 per share.
Operating ExpensesThe difference between the estimate and the reported operating results was primarily driven by higher-than-expected operating expenses.
Pipeline UncertaintyOverall, caution remains as the APJ agonist pipeline resets, given prior challenges.