Metsera (MTSR) reported a Q1 net loss Monday of $1.03 per diluted share, narrower than a loss of $1.44 a year earlier.
An analyst polled by FactSet expected a loss of $0.85.
As of March 31, the company said it had $588.3 million in cash and cash equivalents, and that they would likely finance operations through 2027.
Metsera's shares were down 5.6% in recent Monday premarket activity.
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