Q2 FY2026 EarningsQ2 FY26 results beat consensus on earnings while delivering major clinical milestones. Net loss of $61.8M was narrower than the $68.0M expected, resulting in a GAAP EPS of -$0.84 vs. -$0.93 consensus. The Phase 3 IZAR-1 trial for sonelokimab in psoriatic arthritis met all clinical endpoints, and a robust cash position of $537.0M extends the runway to mid-2028. Management confirmed the HS BLA submission remains on track for late September 2026.