earnings
confidence high
sentiment neutral
materiality 0.70
VYNE Therapeutics reports FY2021 revenue $14.8M, net loss $73.3M; pipeline progress
VYNE Therapeutics Inc.
- FY2021 revenue $14.8M (down 30% YoY); net loss $73.3M, adjusted net loss $65.2M; EPS -$1.42.
- FMX114 Phase 1b showed acceptable safety/PK; Phase 2a top-line results expected Q2 2022.
- VYN201 preclinical data in TH17, fibrosis, vitiligo models show significant improvement; IND/H2 2022.
- Divested MST franchise to Journey Medical for $20M upfront + $5M in 1 yr + up to $450M milestones.
- Prepaid $35M debt in Aug 2021; entered $30M equity purchase agreement with Lincoln Park Capital.