--- title: "AN2 Therapeutics' Q4 net loss widens on higher R&D expenses" type: "News" locale: "en" url: "https://longbridge.com/en/news/279483779.md" datetime: "2026-03-17T20:09:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279483779.md) - [en](https://longbridge.com/en/news/279483779.md) - [zh-HK](https://longbridge.com/zh-HK/news/279483779.md) --- # AN2 Therapeutics' Q4 net loss widens on higher R&D expenses ) Overview - US biopharmaceutical firm’s Q4 net loss widened yr/yr amid higher operating expenses - Company secured $40 mln private placement in March 2026, extending cash runway into 2029 - AN2 advancing Phase 2 trials for polycythemia vera, M. abscessus lung disease, and Chagas disease Outlook - Company expects to initiate three Phase 2 studies in 2026, with data readouts into 2027 - AN2 plans to advance two oncology candidates into development in 2026 - Company projects cash runway into 2029 under current operating plan Result Drivers - HIGHER R&D SPENDING - Q4 R&D expenses rose yr/yr due to increased personnel, preclinical, research, chemistry manufacturing, and facilities costs, partially offset by lower clinical trial expenses after EBO-301 termination - LOWER G&A EXPENSES - Q4 G&A expenses fell yr/yr due to decreased professional and personnel-related costs - DECLINING INTEREST INCOME - Q4 interest income decreased yr/yr due to lower cash, cash equivalents and investment balances, and lower interest rates Company press release: Key Details Metric Beat/Mis Actual Consensu s s Estimate ### Q4 EPS -$0.29 Q4 Net -$8.71 Income mln ### Q4 -$9.32 Income mln From Operatio ns ### Q4 $9.32 Operatin mln g Expenses Analyst Coverage - The one available analyst rating on the shares is “hold” - The average consensus recommendation for the biotechnology & medical research peer group is “buy” - Wall Street’s median 12-month price target for AN2 Therapeutics Inc is $1.00, about 78.7% below its March 16 closing price of $4.69 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.) ### Related Stocks - [PBE.US](https://longbridge.com/en/quote/PBE.US.md) - [LABU.US](https://longbridge.com/en/quote/LABU.US.md) - [XBI.US](https://longbridge.com/en/quote/XBI.US.md) - [ANTX.US](https://longbridge.com/en/quote/ANTX.US.md) - [IBB.US](https://longbridge.com/en/quote/IBB.US.md) - [BBH.US](https://longbridge.com/en/quote/BBH.US.md) - [ARKG.US](https://longbridge.com/en/quote/ARKG.US.md) - [SBIO.US](https://longbridge.com/en/quote/SBIO.US.md) - [VHT.US](https://longbridge.com/en/quote/VHT.US.md) - [FBT.US](https://longbridge.com/en/quote/FBT.US.md) - [BIB.US](https://longbridge.com/en/quote/BIB.US.md) - [XLV.US](https://longbridge.com/en/quote/XLV.US.md) - [IHE.US](https://longbridge.com/en/quote/IHE.US.md) ## Related News & Research - [FDA proposes to withdraw Amgen's rare autoimmune disease drug](https://longbridge.com/en/news/284287869.md) - [Summit's Q1 Net Loss Widens; Expects Patient Enrollment In Phase III ILLUMINE Study In Q2,2026](https://longbridge.com/en/news/284871928.md) - [Biogen cuts annual profit forecast on acquisition-related charges](https://longbridge.com/en/news/284541088.md) - [Fulcrum Therapeutics Q1 net loss widens on higher expenses](https://longbridge.com/en/news/284202157.md) - [BUZZ-KalVista jumps as Italy’s Chiesi to acquire it for $1.9 bln](https://longbridge.com/en/news/284566576.md)