Clinical Trial ExpectationsA less impactful second readout from Jeyou in asthma is expected, which is a smaller Phase 2a study not powered for efficacy endpoints.
Financial PerformanceRAPT reported a net loss of $17.6M, or $0.65/share, in Q3 2025, compared to a net loss of $18.4M, or $3.79/share, in Q3 2024.
Price Target AdjustmentThe price target has been adjusted from $51 to $38, reflecting updated model assumptions including the removal of the oncology program.