Radius Health, Inc.RDUS is a Waltham, Massachusetts-based development-stage biopharmaceutical company with a focus on the development of new therapeutics for the treatment of osteoporosis and other serious endocrine-mediated diseases.
With no approved products in its portfolio, Radius Health has not generated revenues yet. In this scenario, investor focus remains on updates on pipeline progress.
Candidates in the company's pipeline include the subcutaneous formulation and transdermal patch of abaloparatide, and RAD1901. The company is planning to file for approval of abaloparatide-SC in the U.S. and the EU by 2015-end. The company anticipates product launch in 2016.
Last month, the company represented positive top-line data from the first 6-months ACTIVExtend study on abaloparatide-SC at the annual meeting of the American Society for Bone and Mineral Research.
Currently, Radius Health 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: Radius Health posted wider-than-expected loss in the third quarter of 2015. While our consensus called for a loss of 58 cents per share, the company reported a loss of 65 cents.
Revenue: With no approved product in its portfolio, Radius Health has not generated any revenues in the third quarter of 2015.
Key Stats: Radius Health's efforts towards the development of its pipeline are encouraging. The company is currently gearing up for the submission of marketing applications for abaloparatide-SC in the U.S. and the EU. The company is enrolling patients in a phase I study on RAD1901 for the treatment of postmenopausal women with advanced estrogen receptor positive and HER2-negative breast cancer and is on track to start a phase I study on the candidate in the EU for the treatment of patients with metastatic breast cancer by 2015-end. A phase IIb study on RAD1901 for the potential treatment of vasomotor symptoms is slated for initiation by 2015-end.
Check back later for our full write up on earnings report later!