Endocyte (ECYT) Reports a Wider Q4 Loss

West Lafayette, IN-based Endocyte, IncECYT is a development-stage biopharmaceutical company, focused on bringing targeted therapies for the treatment of cancer and inflammatory diseases to market. The company uses its proprietary technology to create small-molecule drug conjugates (SMDCs) and companion imaging agents for the SMDCs to identify patients whose disease over-expresses the target of the therapy, and are thereby likely to benefit from treatment.

Major research and development (R&D) projects at Endocyte include vintafolide (non-small cell lung cancer (NSCLC)), EC1456 (advanced solid tumors) and EC1169 (advanced prostate cancer).

Endocyte has a mixed track record. The company has beaten estimates in three of the last four quarters, with a positive average earnings surprise of 10.22%.

Currently, Endocyte has a Zacks Rank #3 (Hold), but that could definitely change following the company's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Endocyte reported a loss per share of 26 cents per share while our consensus called for a loss of 25 cents per share.

Revenue: The company earned collaboration revenue of $12,000.

Key Stats: Research and development expenses were $8.2 million for the fourth quarter of 2016, up 22% year over year. General and administrative expenses were $3.1 million, down 13.9% year over year.

Check back later for our full write up on this Endocyte earnings report later!

Endocyte, Inc. Price and EPS Surprise

Endocyte, Inc. Price and EPS Surprise | Endocyte, Inc. Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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