By Elias Schisgall
Shares of Spyre Therapeutics rose after the biotechnology company's fourth-quarter loss came in narrower than Wall Street expectations.
Shares were trading up 9.9%, at $41.54, midday Friday. The stock is up 27% over the past year.
The company on Thursday reported a loss of $62.5 million, or 70 cents a share, compared with a loss of $52.3 million, or 81 cents a share, a year earlier.
Analysts surveyed by FactSet were expecting a loss of 71 cents a share.
The Waltham, Mass., company, which is developing treatments for inflammatory-bowel disease and rheumatic diseases, didn't post any sales during the fourth quarter.
It said it expects readouts from two Phase 2 trials this year.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 20, 2026 12:26 ET (17:26 GMT)
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