earnings
confidence high
sentiment neutral
materiality 0.75
enGene Q2 net loss $15.0M; plans EG-70 trial expansion for papillary-only NMIBC
enGene Therapeutics Inc.
2024-Q2 EPS reported
$0.82
- Net loss of $15.0M ($0.38/share) vs $6.5M ($9.30/share) YoY; operating expenses $17.3M (up from $4.7M).
- Cash and equivalents $264.8M; expects to fund operations into 2027.
- Interim LEGEND cohort data (BCG-unresponsive ~20 patients) expected by end of Sep 2024; BLA mid-2026.
- Plans to expand LEGEND with third cohort (70-100 patients) for papillary-only NMIBC, enrollment Q4 2024.
- Deprioritized cystic fibrosis program EG-i08; Paul Hastings and Wouter Joustra elected to board.