earnings
confidence high
sentiment positive
materiality 0.80
Annexon Q2 2024 net loss narrowed to $29.6M; cash $368.7M, runway into H2 2026
Annexon, Inc.
2024-Q2 EPS reported
-$0.43
- Net loss of $29.6M ($0.23/shr) vs. $35.2M ($0.47/shr) in Q2 2023.
- Cash, equivalents and short-term investments $368.7M as of June 30, 2024; runway into H2 2026.
- ANX005 (GBS) Phase 3 met endpoints; RWE topline data expected year-end 2024; BLA filing H1 2025.
- ANX007 (GA) Phase 3 ARCHER II trial dosing initiated; topline data expected H2 2026.
- ANX1502 oral C1s inhibitor bridging study to tablet completed; POC data in CAD expected Q4 2024.