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Recap: Mersana Therapeutics Q1 Earnings

Shares of Mersana Therapeutics (NASDAQ:MRSN) remained unaffected at $10.02 after the company reported Q1 results. Quarterly Results Earnings per share were down 150.00% year over year to ($0.35), which beat the estimate of ($0.37).

Benzinga · 05/08/2020 11:56

Shares of Mersana Therapeutics (NASDAQ:MRSN) remained unaffected at $10.02 after the company reported Q1 results.

Quarterly Results

Earnings per share were down 150.00% year over year to ($0.35), which beat the estimate of ($0.37).

Revenue of $11,000 lower by 99.97% year over year, which missed the estimate of $390,000.

Guidance

Mersana Therapeutics hasn't issued any earnings guidance for the time being.

Mersana Therapeutics hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 08, 2020

Webcast URL: https://edge.media-server.com/mmc/p/6487m4wi

Recent Stock Performance

Company's 52-week high was at $10.42

Company's 52-week low was at $1.32

Price action over last quarter: Up 10.60%

Company Profile

Mersana Therapeutics Inc is a clinical-stage biopharmaceutical company using its differentiated and proprietary ADC platforms to develop targeted drugs with increased tolerability and expanded opportunities to deliver meaningful clinical benefit to patients. Mersana's product candidate, XMT-1536, is in Phase 1 clinical trial in patients with tumors expressing NaPi2b, including ovarian cancer, NSCLC, and other cancers. In addition, multiple partners are using Mersana's platform to advance their ADC pipelines.