earnings
confidence high
sentiment positive
materiality 0.70
ARS Pharma reports FY2022 net loss $34.7M; neffy NDA under FDA review, PDUFA mid-2023
ARS Pharmaceuticals, Inc.
- Net loss of $14.4M for Q4 2022 and $34.7M for full year 2022; cash & investments $274.4M as of Dec 31, 2022.
- NDA for neffy (intranasal epinephrine) accepted by FDA; PDUFA target action date anticipated in mid-2023.
- MAA for neffy also under review by EMA; company reacquired European rights.
- R&D expenses $4.7M (Q4) and $18.4M (FY); G&A $10.7M (Q4) and $18.5M (FY).
- Cash runway sufficient for at least three years; preparing for potential U.S. launch in 2023 if approved.