earnings
confidence high
sentiment neutral
materiality 0.70
Annexon Q2 net loss $37.1M; cash $177.6M, extended runway into H2 2025 via $130M private placement
Annexon, Inc.
2022-Q2 EPS reported
-$1.88
- Net loss of $37.1M ($0.96/share) vs. $31.3M ($0.82/share) in Q2 2021.
- Cash and short-term investments $177.6M at June 30, 2022, plus $130M from July private placement.
- Operating runway extended into second half of 2025.
- FDA granted Fast Track designation to ANX007 for geographic atrophy; Phase 2 enrolled.
- Phase 1 trials initiated for oral small molecule ANX1502 and next-gen mAb ANX105.