earnings
confidence high
sentiment neutral
materiality 0.70
Intellia reports Q3 net loss $122.2M, FDA clears NTLA-2001 Phase 3 IND for ATTR-CM
Intellia Therapeutics, Inc.
2023-Q3 EPS reported
-$3.96
revenue$38,192,000
- FDA cleared IND for NTLA-2001 Phase 3 MAGNITUDE trial in ATTR cardiomyopathy; on track to initiate by year-end.
- Phase 1 data: median serum TTR reduction 91% in 62 patients; durable reduction at 12+ months.
- NTLA-2002 Phase 2 enrollment on track to complete Q4 2023; received EMA PRIME designation for HAE.
- Expanded Regeneron collaboration in neurological and muscular diseases; $30M payment expected H1 2024.
- Q3 net loss $122.2M vs $113.2M YoY; cash, equivalents and marketable securities $992.5M.