Taysha Gene Therapies Stock Soars On FY23 Results: Here's Why
Portfolio Pulse from Erica Kollmann
Taysha Gene Therapies, Inc. (NASDAQ:TSHA) reported its FY23 results, showing a significant reduction in losses per share from $3.78 to 96 cents and an increase in cash reserves to $143.9 million. The company highlighted progress in its REVEAL Phase 1/2 trial, including expansion into the U.S. and promising safety and efficacy data. Shares surged 31.11% after-hours to $2.95.
March 19, 2024 | 9:07 pm
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Taysha Gene Therapies reported improved FY23 financials with reduced losses and increased cash reserves. The company's REVEAL trial updates show promising results, leading to a 31.11% surge in after-hours trading.
The significant reduction in losses and the positive clinical trial updates, particularly the promising safety and efficacy data from the REVEAL trial, have likely contributed to investor optimism, driving the stock price up in after-hours trading.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100