earnings
confidence high
sentiment positive
materiality 0.70
Intellia Q3 net loss $113.2M; NTLA-2001 shows 93% TTR reduction, NTLA-2002 91% attack reduction
Intellia Therapeutics, Inc.
2022-Q3 EPS reported
-$4.78
revenue$38,548,000
- Net loss of $113.2M in Q3 2022 widened from $71.6M in Q3 2021; cash position $848.7M.
- Collaboration revenue rose to $13.3M from $7.2M; R&D expenses increased to $96.7M.
- NTLA-2001: mean serum TTR reductions of 93% (0.7 mg/kg) and 92% (1.0 mg/kg) at day 28.
- NTLA-2002: 25 mg dose led to 91% mean reduction in HAE attacks through 16-week observation.
- Expects to initiate NTLA-2002 Phase 2 in 1H 2023; plans IND filing for NTLA-3001 in 2023.