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Stock impact report

Kymera's Q4 Loss Wider Than Expected, Pipeline in Focus [Yahoo! Finance]

Kymera Therapeutics, Inc. (KYMR) 
Company Research Source: Yahoo! Finance
In the year-ago quarter, Kymera reported a loss of 25 cents per share. The year-over-year deterioration was due to lower collaboration revenues and higher operating expenses. Collaboration revenues totaled $7.4 million, which missed the Zacks Consensus Estimate of $13 million. In the year-ago quarter, Kymera earned collaboration revenues of $47.9 million due to the recognition of milestone payments related to the advancement of KT-474 into phase II testing under its collaboration with pharma bigwig Sanofi SNY. Shares of KYMR have lost 30.1% year to date compared with the industry's decline of 8%. Zacks Investment Research Image Source: Zacks Investment Research Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. KYMR's Operating Expenses Increase in Q4 Research and development expenses totaled $71.8 million, up 35.6% year over year. This was primarily due to increased expenses related to the investment in the STAT6 and TYK2 degrader programs, pl Show less Read more
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