earnings
confidence high
sentiment positive
materiality 0.75
Eloxx Q4 net loss $12.1M; CF Foundation awards up to $15.9M; new Alport program
Eloxx Pharmaceuticals, Inc.
2023-Q1 EPS
reported -$5.36
vs consensus -$28.61
▲ beat
(+81.3%)
- Net loss $12.1M in Q4 2021 ($0.14/sh); cash $42.3M; expects funding into Q2 2023.
- CF Foundation therapeutic award up to $15.9M for ELX-02 CF program; $7.0M upfront.
- Phase 2 CF expansion (ELX-02+ivacaftor) topline results expected by end of H1 2022.
- New Alport syndrome program for ELX-02; proof-of-concept trial in up to 8 patients expected H2 2022.
- ZKN-013 FAP mouse model: 50% reduction in polyp burden, 40% in polyp count; 50% survival benefit.