Kezar Life Sciences reports Q3 EPS (32c), consensus (35c)

Reports Q3 revenue $7M, consensus $80k. “During the third quarter, we made important progress in streamlining our operations and sharpening our focus on the zetomipzomib and KZR-261 programs,” said Christopher Kirk, Ph.D., co-founder and Chief Executive Officer of Kezar. “Our progress has been bolstered by a strategic collaboration and license agreement with Everest Medicines to develop and commercialize zetomipzomib in China, South Korea and Southeast Asia. Looking ahead, our strategic realignment and strong balance sheet provide cash runway to reach and extend beyond important clinical inflection points over the next three years for both our immunology and oncology programs.”