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GOSS: Announces Topline Results for Phase 3 PROSERA Trial -- LEVI & KORSINSKY, LLP
Prnewswire· 2026-03-04 23:50
Core Insights - Gossamer Bio, Inc. experienced a significant decline of over 60% in its stock value following the Phase 3 PROSERA trial results for seralutinib, which missed its primary endpoint [1] - The company's CEO had previously set expectations for positive results in February 2026, indicating optimism about the trial's outcome [1] - The trial's statistical plan required a significance level of alpha = 0.025, which was not disclosed to investors, leading to a gap between management's guidance and the actual statistical requirements [1] Company Performance - The actual p-value from the PROSERA trial was reported at 0.032, which, while passing the conventional 0.05 threshold, did not meet the more stringent 0.025 requirement [1] - The lack of disclosure regarding the heightened statistical threshold created an elevated risk for investors who relied on the company's forward-looking statements [1] Investor Impact - Shareholders who invested in Gossamer Bio and incurred losses are encouraged to seek legal advice regarding their rights [1] - The investigation focuses on the discrepancy between the company's optimistic guidance and the undisclosed statistical hurdles that contributed to the trial's failure [1]
Southwest Gas Holdings, Inc. Reschedules First Quarter 2025 Earnings Release and Conference Call; Affirms Southwest Gas Corporation Guidance and Outlook
Prnewswire· 2025-05-06 22:00
Core Viewpoint - Southwest Gas Holdings, Inc. has rescheduled its financial results release and conference call for the first quarter of fiscal year 2025 to May 12, 2025, from the previously scheduled date of May 7, 2025 [1]. Financial Guidance and Outlook - The company affirms its full year 2025 net income guidance to be between $265 million and $275 million [4]. - Capital expenditures for 2025 are estimated to be approximately $880 million, aimed at customer growth, system improvements, and pipe replacement programs [4]. - The compound annual growth rate (CAGR) for adjusted net income from 2025 to 2029 is projected to be between 6.0% and 8.0% [4]. - Total capital expenditures from 2025 to 2029 are expected to reach $4.3 billion [4]. - The rate base CAGR for the same period (2025-2029) is also projected to be between 6.0% and 8.0% [4]. Company Overview - Southwest Gas Holdings, Inc. operates through its subsidiary, Southwest Gas Corporation, which is involved in the purchasing, distributing, and transporting of natural gas [6]. - The company serves over 2 million customers across Arizona, Nevada, and California, focusing on safe and reliable service while promoting sustainable energy solutions [6]. - Southwest Gas Holdings is the majority owner of Centuri Holdings, Inc., which provides utility infrastructure services across North America [6][5].