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Milestone Pharmaceuticals cuts costs 30%, extends cash runway to late 2028 amid CARDAMYST growth and ongoing AFib-RVR trial.

Company Fundamentals
13 Nov 2026, 14:08 WIB
GlobeNewsWire
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Bullish
Milestone Pharmaceuticals cuts costs 30%, extends cash runway to late 2028 amid CARDAMYST growth and ongoing AFib-RVR trial.

Milestone Pharmaceuticals reported Q3 2026 results showing $1 million in CARDAMYST nasal spray sales, a 73% increase from Q2, with expanding prescriber and payer coverage. The company is implementing cost-efficiency measures to reduce operating expenses by about 30%, including bringing its sales force in-house and cutting less productive programs, aiming to extend its cash runway into late 2028. Leadership changes include departures of the CFO and CMO, while the Phase 3 trial for AFib-RVR treatment remains on schedule with data expected in the second half of 2028. These steps aim to support continued growth of CARDAMYST and advance the AFib-RVR program while preserving financial stability.

Milestone Pharmaceuticals' Q3 2026 financial results and cost-efficiency plans provide context for readers. For those following the health sector, 93 of 150 US health stocks on Pluang rose today, with notable movers including SLS at USD 9.47 (+17.93%), FLNA at USD 0.48 (+7.05%), and HRTX at USD 0.35 (+5.80%). This data is as of Nov 13, 2026 18:41 WIB.

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