earnings
confidence high
sentiment negative
materiality 0.80
Xenon Q3 net loss $37.2M; launches XEN1101 Phase 3 epilepsy program
Xenon Pharmaceuticals Inc.
2022-Q3 EPS reported
-$1.49
revenue$9,434,000
- Revenue $0.1M vs $8.1M YoY; no Neurocrine milestone in Q3 2022.
- Cash $752.2M as of Sep 30, 2022; expected runway into 2026.
- XEN1101 Phase 3 trials X-TOLE2, X-TOLE3 (FOS) and X-ACKT (PGTCS) initiated.
- X-NOVA MDD Phase 2 topline data expected Q3 2023.
- R&D expenses $29.4M, up 56% YoY, driven by XEN1101 program.