Lexeo Therapeutics reports FY2023 net loss $66.4M, raises $95M in private placement, extends runway into 2027

Lexeo Therapeutics, Inc.

Net loss $66.4M for 2023 ($12.40/share) vs $59.3M in 2022; cash $121.5M at year-end.
$95M private placement at $15.13/share; co-led by Braidwell and Adage Capital; expected close March 13.
LX2006 Cohort 2 shows positive frataxin increase; interim data from SUNRISE-FA expected mid-2024.
LX2020 granted FDA Fast Track and Orphan Drug Designation; first patient dosing expected in 1H 2024.
Cash runway extended to fund operations into 2027.

item 1.01 item 2.02 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lexeo Therapeutics, Inc. reported financial results for fourth quarter and full year 2023.

Period: fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On March 11, 2024, the Company issued a press release announcing business highlights and its financial results for the three and twelve-months ended December 31, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lexeo Therapeutics, Inc. entered into Common Stock Purchase Agreement with certain qualified institutional buyers and institutional accredited investors valued at approximately $95 million (effective 2024-03-11).

Action: entry
Agreement: equity purchase
Counterparty: certain qualified institutional buyers and institutional accredited investors
Value: approximately $95 million
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, Lexeo Therapeutics, Inc. (the “ Company ”) entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) for a private placement (the “ Private Placement ”) with certain qualified institutional buyers and institutional accredited investors (each, a “ Purchaser ” and collectively, the “ Purchasers ”).

View on SEC.gov

499 earnings releases filed in the last 30 days. Browse all earnings releases →

Lexeo Therapeutics, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-029249

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.