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Morphic Q4 2022 Earnings Report

Morphic EPS Results

Actual EPS
-$0.64
Consensus EPS
-$0.85
Beat/Miss
Beat by +$0.21
One Year Ago EPS
N/A

Morphic Revenue Results

Actual Revenue
$6.14 million
Expected Revenue
$2.83 million
Beat/Miss
Beat by +$3.31 million
YoY Revenue Growth
N/A

Morphic Announcement Details

Quarter
Q4 2022
Time
N/A
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Morphic Earnings Headlines

Morphic Ethical Equities Fund Limited
Eli Lilly acquires Morphic in IBD portfolio expansion
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About Morphic

Morphic (NASDAQ:MORF), a biopharmaceutical company, discovers and develops oral small-molecule integrin therapeutics for the treatment of autoimmune, cardiovascular, and metabolic diseases, as well as fibrosis and cancer. Its lead product candidate MORF-057, an a4ß7-specific integrin inhibitor affecting inflammation is in Phase 2 clinical trials for the treatment of inflammatory bowel disease. The company's products in pipeline include Next Gen a4ß7 Inhibitors for additional potential GI indications, such as EGIDs, pouchitis, etc.; avß8 for the treatment of Myelofibrosis and solid tumor; and fibronectin integrin for pulmonary hypertensive. In addition, it has a license agreement with Janssen to discover and develop novel integrin therapeutics; collaboration agreement with Schrödinger for integrin targets; and license agreement with Children's Medical Center Corporation to develop and commercialize products worldwide for any therapeutic or diagnostic use in humans and veterinary applications. Morphic Holding, Inc. was incorporated in 2014 and is headquartered in Waltham, Massachusetts.

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