earnings
confidence high
sentiment negative
materiality 0.70
Eloxx reports Q4 net loss $6.3M, cash $19.2M; Phase 2 Alport study ongoing, IND filed for ZKN-013
Eloxx Pharmaceuticals, Inc.
2023-Q1 EPS
reported -$2.88
vs consensus -$2.60
▼ miss
(-10.7%)
- Net loss $6.3M ($2.92/share) vs $12.1M loss in Q4 2021; R&D and G&A expenses decreased YoY.
- Unrestricted cash $19.2M at Dec 31, 2022; amended Hercules loan repaid $7.5M; cash runway into Q3 2023.
- Three patients dosed in Phase 2 ELX-02 for Alport; initial proteinuria reduction observed; topline data H1 2023.
- IND filed for ZKN-013 for RDEB; preclinical read-through up to 18-fold increase in COL VII protein.